US: Durable Goods Orders increase by 7.3% in June vs. 7.2% expected

• Durable Goods Orders in the US continued to rise in June.
• US Dollar Index stays deep in red below 94.00 post-data.

Durable Goods Orders in the United States expanded by 7.3% on a monthly basis to $206.9 billion in June following May's 15.1% increase, the US Census Bureau reported on Monday. This reading came in slightly better than the market expectation for an increase of 7.2%.

"Excluding transportation, new orders increased 3.3%," the press release further read. "Excluding defense, new orders increased 9.2%. Transportation equipment, also up two consecutive months, led the increase, $9.2 billion or 20.0% to $55.3 billion."

Market reaction

The US Dollar Index largely ignored these figures and was last seen losing 0.66% on a daily basis at 93.72.