US: Durable Goods Orders increase by 2.3% in May vs. 2.7% expected

• Durable Goods Orders in US rose less than expected in May.
• US Dollar Index extends sideways grind below 92.00 after the data.

Durable Goods Orders in the United States rose by 2.3%, or $5.7 billion, to $253.5 billion in May, the data published by the US Census Bureau revealed on Thursday. This reading came in weaker than the market expectation for an increase of 2.7% and followed a 0.8% decline recorded in April.

"Excluding defense, new orders increased 1.7%," the publication further read. "Transportation equipment, up following two consecutive monthly decreases, led the increase, $5.2 billion or 7.6%, to $74.2 billion."

Market reaction

The US Dollar Index paid little to no attention to this report and was last seen posting small daily losses at 91.73.