US Durable Goods Orders decline 6.1% in January vs -4.5% expected

Durable Goods Orders contracted at a stronger pace than expected in January.
US Dollar Index stays in daily range below 104.00 after the data.

Eren Sengezer FXStreet

Durable Goods Orders in the United States declined by 6.1%, or $18 billion, to $276.7 billion in January, the Census Bureau reported on Tuesday. This reading followed the 0.3% decrease recorded in December and came in worse than the market expectation for a contraction of 4.5%.

"Excluding transportation, new orders decreased 0.3%," the publication read. "Excluding defense, new orders decreased 7.3%. Transportation equipment, also down three of the last four months, led the decrease, $17.4 billion, or 16.2%, to $89.8 billion."

Market reaction

These numbers don't seem to be having a significant impact on the US Dollar's (USD) valuation against its major rivals. At the time of press, the US Dollar Index was down 0.06% on the day at 103.72.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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