- U.S. durable goods orders rose 0.7% in April.
- The Dollar Index remains in negative territory below 105.00.
The U.S. durable goods orders rose $1.9 billion, or 0.7%, up to 284.1 billion in April, the Census Bureau reported Friday. This reading followed the 0.8% growth recorded in March (revised from +2.6%) and exceeded market expectations for a 0.8% decline.
“Excluding transportation, new orders increased 0.4%,” the press release reads. “Excluding defense, new orders were virtually unchanged. Transportation equipment, also up for three consecutive months, led the increase, up $1.1 billion, or 1.2%, to $96.2 billion.”
Market reaction
These figures do not appear to be having a significant impact on the performance of the US dollar against its rivals. At press time, the USD Index was down 0.22% on the day, standing at 104.80.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
