• US: Durable Goods Orders fall by 2.2% MoM in February vs. 0.5% expected drop

Market news

24 March 2022

US: Durable Goods Orders fall by 2.2% MoM in February vs. 0.5% expected drop

According to the latest release by the US Census Bureau, US Durable Goods Orders fall by 2.2% MoM in February, compared to market expectations for a 0.5% decline. That marked a sharp reversal after January's 1.6% gain. Core Durable Goods Orders, meanwhile, fell 0.6% MoM versus an expected gain of 0.6%, also a sharp reversal from the 0.8% growth seen in January. 

Market Reaction

The US dollar hasn't reacted to the latest mixed US data, where Durable Goods Orders figures underwhelmed, but weekly jobless claims were much stronger than forecast. The DXY remains contained 99.00 level. 

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