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Durable goods orders exceed expectations and the dollar reacts positively
image 27 June، 2022
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 Durable goods orders, according to the US Census Bureau report issued a few moments ago, grew in May, better than the market expectations of a growth of 0.7% or 1.9 to reach $267.2 billion on a monthly basis, after a decline of about 0.4%, while expectations indicated its stability without change.

Core orders, excluding transportation, also recorded a growth of 0.7%, compared to 0.5% in April, while expectations indicated a decline to 0.1%. New orders, excluding defense, recorded a growth of 0.6%.

The US dollar, after declines since the beginning of the European session, records slight increases and is trading at 104.11 levels, less than an hour before the opening of the US markets.

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