US: Durable Goods Orders rise by 0.7% in May vs 0% expected
|- Durable Goods Orders in the US rose unexpectedly in May.
- US Dollar Index holds above 104.00 after the data.
Durable Goods Orders in the US increased by 0.7%, or by $1.9 billion, on a monthly basis in May to $267.2 billion, the monthly data published by the US Census Bureau revealed on Monday. Investors were expecting the data to remain unchanged.
"Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 0.6%," the publication further read. "Transportation equipment, up two consecutive months, led the increase, $0.7 billion or 0.8% to $87.6 billion."
Market reaction
The US Dollar Index edged slightly higher after this data and was last seen posting small daily losses at 104.08.
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