US: Durable Goods Orders rise by 0.2% in December vs. 0.9% expected

• Durable Goods Orders in US rose less than expected in December.
• US Dollar Index stays in the positive territory above 90.50.

Durable Goods Orders in the United States rose by 0.2%, or $0.4 billion, to $254.3 billion in December, the data published by the US Census Bureau showed on Wednesday. This reading followed November's increase of 1.2% and missed the market expectation of 0.9%.

Additional takeaways

"Excluding transportation, new orders increased 0.7%."

"Excluding defense, new orders increased 0.5%."

"Machinery, also up eight consecutive months, drove the increase, $0.8 billion or 2.4% to $33.2 billion."

Market reaction

The USD continues to outperform its rivals after this report. As of writing, the US Dollar Index was up 0.44% on the day at 90.55.