US Durable Goods Orders rise 0.1% in May vs. -0.1% expected

• Durable Goods Orders in the US rose 0.1% in May.
• US Dollar Index stays in negative territory below 106.00.

Durable Goods Orders in the US increased $0.3 billion, or 0.1%, to $283.1 billion in May, the US Census Bureau reported on Thursday. This reading followed the 0.6% growth recorded in April (revised from +0.7%) and came in better than the market expectation for a decrease of 0.1%.

"Excluding transportation, new orders decreased 0.1%," the press release read. "Excluding defense, new orders decreased 0.2%. Transportation equipment, up three of the last four months, drove the increase, $0.5 billion, or 0.6%, to $95.4 billion."

Market reaction

The US Dollar stays under modest bearish pressure in the early American session on Thursday. As of writing, the USD Index was down 0.25% on the day at 105.79.