US Durable Goods Orders virtually unchanged at $321.2 billion in January
- Durable Goods Orders in the US was flat on a monthly basis in January.
- USD Index clings to daily gains at around 100.00.
"New orders for manufactured durable goods in January, down three of the last four months, decreased $0.1 billion or virtually unchanged to $321.2 billion," the US Census Bureau reported on Friday.
This print followed the 0.9% decrease (revised from -1.4%) recorded in December and came in much weaker than the market expectation for an increase of 1.2%.
"Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 0.5 percent. Transportation equipment, also down three of the last four months, drove the decrease, $1.0 billion or 0.9 percent to $113.3 billion," the press release read.
Market reaction
The US Dollar (USD) preserves its strength following this report. At the time of press, the USD Index was up 0.3% on the day at 100.05.
