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USD boosted after Durable Goods Orders data

Tuesday, Jun 23 2015
New orders for manufactured durable goods in May decreased $4.1 billion or 1.8% to $228.9 billion, missing forecasts on 0.6% decrease. This decrease, down three of the last four months, followed a 1.5% April decrease. Excluding transportation, new orders increased 0.5%, in line with market expectations. Excluding defense, new orders decreased 2.1%. Transportation equipment, also down three of the last four months, drove the decrease, $4.9 billion or 6.4% to $71.7 billion.
   
Inventories of manufactured durable goods in May, down following twenty-three consecutive monthly increases, decreased $0.8 billion or 0.2% to $400.6 billion. This followed a 0.2% April increase. Transportation equipment, down two of the last three months, led the decrease, $0.3 billion or 0.2% to $129.9 billion.  
 
Despite the figures, USD gained against its major rivals. Euro is currently being traded few points above 1.1170 level, Sterling is around 1.5750 area ,while Aussie is at 0.77 handle. Later today, Manufacturing PMI and New Home Sales figures are scheduled for a release.
More in this category: « Euro lower despite good PMI figures New Home Sales at a seven-year high »

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