US: Durable Goods Orders rise by 3.4% in January vs. 1.1% expected

• Durable Goods Orders in US rose more than expected in January.
• US Dollar Index remains depressed below 90.00 after the data.

Durable Goods Orders in the United States rose by 3.4%, or $8.5 billion, in January to $25.6.6 billion, the data published by the US Census Bureau showed on Thursday. This print followed December's increase of 1.2% and beat the analysts' estimate of 1.1% by a wide margin.

Additional takeaways

"Excluding transportation, new orders increased 1.4%."

"Excluding defense, new orders increased 2.3%."

"Inventories of manufactured durable goods in January, down two consecutive months, decreased $1.4 billion, or 0.3%, to $424.3 billion."

Market reaction

The US Dollar Index showed no significant reaction to this report and was last seen losing 0.42% on the day at 89.78.