Shutterstock photo
Markets

U.S. core durable goods orders rise unexpectedly in July

Shutterstock photo

Shutterstock photo

Forexpros - U.S. core durable goods orders rose unexpectedly in July, official data showed on Wednesday.

In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by 0.7% in July, confounding expectations for a 0.4% decline.

The previous month's figure was revised up to 0.6% from a previously reported 0.1% increase.

The report showed that durable goods orders, which include transportation items, jumped by a seasonally adjusted 4.0% in July, doubling expectations for a 2.0% gain.

June's figure was revised to a 1.3% drop from a previously reported 2.1% decline.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.18% to trade at 1.4467.

Meanwhile, U.S. stock index futures pared losses after the release of the data.

The Dow Jones Industrial Average futures indicated a decline of 0.3%, S&P 500 futures shed 0.25%, while the Nasdaq 100 futures slumped 0.3%.

Forex News

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos