Forexpros – U.S. durable goods orders rose more-than-expected in June, while core orders fell unexpectedly, official data showed on Thursday.
In a report, the U.S. Census Bureau said that total durable goods orders, which include transportation items, rose by a seasonally adjusted 1.6% in June, beating expectations for a 0.4% increase after climbing at a revised rate of 1.6% in May.
Durable goods are typically bulky or heavy products designed to last at three years, such as trains, computers or furniture.
The report also showed that core durable goods orders, excluding volatile transportation items, fell by a seasonally adjusted 1.1% in June, defying expectations for a 0.1% gain.
The previous month’s figure was revised to a 0.8% gain from a previously reported increase of 0.7%.
Non-defense capital goods orders excluding aircraft and transportation items, a closely watched proxy for future business investment, fell 1.4% last month, missing expectations for a 0.1% increase.
The previous month’s figure was revised to a 1.4% drop from a 1.9% decline.
Following the release of the data, the U.S. dollar added to sharp losses against the euro, with EUR/USD rallying 1.25% to trade at 1.2310.
Meanwhile, U.S. stock index futures extended gains. The Dow Jones Industrial Average futures pointed to a gain of 1.2% at the open, S&P 500 futures indicated a rise of 1.4%, while the Nasdaq 100 futures signaled an increase of 1.45%.
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