US Durable Goods Orders increased 5.3% in November

• Durable Goods Orders in the US rose more than expected in November.
• US Dollar Index stays in negative territory near 97.00.

Durable Goods in the US increased to $323.8 billion, or 5.3%, in November, the US Census Bureau reported on Monday. This print followed the 2.1% contraction recorded in the previous month and came in short of market expectations for a 0.5% expansion.

"Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders increased 6.6 percent. Transportation equipment, also up three of the last four months, led the increase, $15.3 billion or 14.7 percent to $119.3 billion”, according to the press release

Market reaction

The US Dollar Index (DXY) remains under persistent pressure, navigating levels last seen in late September around the 97.00 region in the wake of the release.