The US durable goods orders rose 5.6% in Decemberits biggest increase since July 2020. The figure bettered market expectations, whose consensus expected growth of 2.5% and the result of the previous month, when it fell 1.7% (revised from -2.1%).
Requests excluding defense and aviation fell 0.2%, as expected, after flat in November. Estes is the first decline seen since September.
Excluding only defense, requests grew by 6.3%, well above the estimated -2.3% and the previous -0.1%. This is also the largest increase seen since July 2020.
Excluding transportationthe indicator fell by 0.1%, standing below the estimated 0% and the +0.1% seen in November.
dollar reaction
The Dollar Index has reacted upwards to the data on GDP and requests for durable goods, which have generally turned out better than estimated. The DXY has advanced more than 20 pips to 101.99, its highest level of the day. At time of writing, the greenback is trading above 101.86, gaining 0.22% daily.
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.
