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- US: Durable Goods Orders rise by 0.8% MoM in March vs. 1.0% expected gain
US: Durable Goods Orders rise by 0.8% MoM in March vs. 1.0% expected gain
- US Durable Goods Orders rose 0.8% MoM in March, a tad under the expected 1.0% gain.
- FX markets did not reaction, with the DXY remaining close to mutli-month highs near 102.00.
US Durable Goods Orders rose 0.8% MoM in March, data released by the US Census Bureau on Tuesday showed. That was a tad under median expectations for a 1.0% MoM gain but nonetheless marked an improvement versus February's 1.7% MoM decline, which had been revised slightly higher from a 2.1% decline.
Core Durable Goods Orders saw a larger than expected MoM gain of 1.1% versus median forecasts for a 0.6% reading, a decent improvement after February's 0.5% decline, which had been revised a little higher from a 0.6% decline.
Market Reaction
There was no reaction to the latest Durable Goods Orders figures, with the DXY still trading just under the 102.00 and, thus, still at multi-month highs.
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