US Durable Goods Orders expanded more than expected in February
- Durable Goods Orders rose by 1.4% MoM last month.
- The Greenback remains on the defensive so far.
On Tuesday, Durable Goods Orders in the United States expanded by 1.4%, or $3.7 billion, to $277.9 billion in February according to the Census Bureau. This reading followed the 6.9% decrease recorded in the first month of the year and came in above market expectation for an expansion of 1.1%.
From the press release: "Excluding transportation, new orders decreased 0.3%," the publication read. "Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders increased 2.2 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $2.9 billion or 3.3 percent to $90.4 billion."
Market reaction
There was no visible reaction from the USD Index (DXY) in the wake of the release, which remained around the 104.15 zone, down marginally for the day.