U.S. core durable goods orders rise

Wednesday, 23 November 2011 04:18

The official data showed on Wednesday confirms that The U.S. core durable goods orders rose more-than-expected in October.

In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by a seasonally adjusted 0.7% in October, beating expectations for a modest 0.1% increase.

The report showed that durable goods orders, which include transportation items, fell for the third consecutive month in October, declining by a seasonally adjusted 0.7%, after falling by 1.5% in September, whose figure was revised from a 0.8% decline.

As for Forex: The U.S. dollar remained higher against the euro, with EUR/USD dropping 0.78% to trade at 1.3399.