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US Durable Goods Orders rose by 4.9%

Thursday, Feb 25 2016
Orders for U.S. capital goods rebounded in January by the most since June 2014, representing a pause in manufacturing’s downturn. Bookings for non-military equipment excluding commercial aircraft jumped 3.9%, more than forecast, after a 3.7% decrease in December that was smaller than previously reported, data from the Commerce Department showed Thursday. Orders for all durable goods rose 4.9%, the most since March. Analysts were anticipating 3.0% increase.
In the week ending February 20, the advance figure for seasonally adjusted initial claims was 272,000, an increase of 10,000 from the previous week's unrevised level of 262,000, in line with market forecasts. The 4-week moving average was 272,000, a decrease of 1,250 from the previous week's unrevised average of 273,250.
 
Euro is currently being traded few points above 1.1030 level, Sterling is around 1.3940 handle, while Aussie is around 0.72 area.
More in this category: « UK GDP grew by 0.5% in Q4 Aussie pulling back testing previous uptrend line »

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