United States Durable Goods Orders beat expectations, rising 1.8% in September against a 0.6% forecast

September's increase in US Durable Goods Orders exceeded market forecasts.
Above 102.00, the US Dollar Index holds on to modest gains for the day.

September brought a stronger-than-forecast rise in new orders for manufactured Durable Goods in the United States (US). Orders climbed by $6.3 billion, or 1.8%, to $345.4 billion, according to figures released by the US Census Bureau on Tuesday. Following August's 0.1% fall, the increase exceeded the market forecast of 0.6%.

The press release stated: "Excluding transportation, new orders increased 0.5%," adding: "Excluding defense, new orders increased 2.2%. Transportation equipment, up two of the last three months, led the increase, $5.2 billion or 4.6% to $119.8 billion."

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights

How did markets respond?

Markets showed little discernible response to the release, with the US Dollar (USD) Index trading at 102.18 at the time of writing, a gain of 0.15% on the day.

How Is the US Dollar Performing Today?

The US Dollar (USD) recorded its strongest performance against the Euro today. Its percentage movements against the major currencies listed are set out in the table below.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.21%	0.09%	0.17%	0.03%	-0.24%	-0.40%	0.10%
EUR	-0.21%		-0.11%	0.00%	-0.17%	-0.41%	-0.62%	-0.11%
GBP	-0.09%	0.11%		0.08%	-0.07%	-0.33%	-0.50%	0.00%
JPY	-0.17%	0.00%	-0.08%		-0.15%	-0.43%	-0.59%	-0.11%
CAD	-0.03%	0.17%	0.07%	0.15%		-0.27%	-0.44%	0.06%
AUD	0.24%	0.41%	0.33%	0.43%	0.27%		-0.16%	0.33%
NZD	0.40%	0.62%	0.50%	0.59%	0.44%	0.16%		0.51%
CHF	-0.10%	0.11%	-0.01%	0.11%	-0.06%	-0.33%	-0.51%

Percentage movements between the major currencies are displayed in the heat map. Select the base currency in the left-hand column and the quote currency in the top row. For instance, choosing the US Dollar on the left and following that row across to the Japanese Yen gives the percentage change for USD (base)/JPY (quote) in the corresponding cell.