3:01 PM · 2 November 2023

US durable orders revised downward but factory orders beat estimates. USD strengthened 💵

Data on orders from U.S. factories showed a 2.8% increase versus 2.3% estimates and 1.2% previously

At the same time, the underlying reading of US core durable was revised downward to 0.4% vs. 0.5% of forecasts and 0.5% previously and the headline core durable data also came in lower, at 4.6% vs. 4.7% expected and 4.7% previously

In an initial reaction, the dollar index (USDIDX) is trading up slightly following the publication of the macro data.

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