Durable Goods Orders in the US fell at a stronger pace than expected in July.
US Dollar Index stays in positive territory above 103.50.
Durable Goods Orders in the US fell 5.2%, or $5.2 billion, to $285.9 billion in July, the US Census Bureau reported on Thursday. This reading followed the 4.4% increase (revised from 4.7%) recorded in June and came in worse than the market expectation for a decrease of 4%.
"Excluding transportation, new orders increased 0.5%," the press release further read. "Excluding defense, new orders decreased 5.4%. Transportation equipment, also down following four consecutive monthly increases, drove the decrease, $16.4 billion or 14.3% to $98.7 billion."
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