What does Durable Goods Orders data mean for the US dollar?

As expected, Durable Goods Orders data in the US retreated in November. The US Dollar Index is within its daily range below 104.50 after the data.

Durable Goods Orders in the US declined by 2.1%, or $5.8 billion, in November to $270.6 billion, the US Census Bureau announced on Friday. This reading comes after October’s increase of 0.7% and is looked upon as worse than the market expectation for a decrease of 0.6%.

“Excluding transportation, new orders increased 0.2%,” the publication further read. “Excluding defense, new orders decreased 2.6%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $6.1 billion or 6.3% to $91.3 billion.”

The US Dollar Index failed to make a decisive move downwards or upwards following this data and was last seen trading flat on the day at 104.38.