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- US: Durable Goods Orders fell by 0.9% MoM in December vs. 0.5% expected drop
US: Durable Goods Orders fell by 0.9% MoM in December vs. 0.5% expected drop
- Core Durable Goods grew at 0.4% MoM in December, in line with expected.
- The dollar rallied, though that was more to do with strong GDP figures released at the same time.
According to the latest release by the US Census Bureau, US Durable Goods Orders fell by 0.9% MoM in December compared to market expectations for a 0.5% decline in sales. The MoM pace of growth in Core Durable Goods Orders was in line with expectations at 0.4%, marking a deceleration from last month's 1.1% reading (revised up from 0.8%).
Market Reaction
In wake of the latest US data dump that saw GDP growth for Q4 come in much stronger than anticipated, the US dollar has been kicking higher, with the DXY recently crossing into fresh daily/multi-month highs in the 97.20s.
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