US: Durable Goods Orders rose 1.8% in August vs. 0.7% expected

• US Durable Goods Orders increased by 1.8% in August from -0.1% previous.
• The US Dollar Index holds steady near one-month tops, just below mid-93.00s.

According to the data published by the US Census Bureau revealed this Monday, Durable Goods Orders in the United States increased by 0.7% in August. This reading was well above market expectations pointing to a 0.5% growth and also marked a notable rebound from the previous month’s reading of -0.1%.