US Durable Goods Orders rise 0.2% in October vs. 0.5% expected

• Durable Goods Orders in the US rose slightly in October.
• US Dollar Index stays on the back foot below 106.50.

Durable Goods Orders in the US increased $0.7 billion, or 0.2%, to $286.6 billion in October, the US Census Bureau reported on Wednesday. This reading followed the 0.4% decrease (revised from -0.8%) recorded in September and came in worse than the market expectation for an increase of 0.5%.

"Excluding transportation, new orders increased 0.1%," the publication read. "Excluding defense, new orders increased 0.4%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.4 billion or 0.5% to $97.1 billion."

Market reaction

The US Dollar (USD) remains under pressure following this data. At the time of press, the USD Index was down 0.6% on the day at 106.25.