US: Durable Goods Orders decline by 0.4% in September vs. 1.1% expected

• Durable Goods Orders in US fell less than expected in September.
• US Dollar Index stays in the negative territory below 94.00.

Durable Goods Orders in the United States declined 0.4%, or $1 billion, in September to $261.3 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed August's increase of 1.3% and came in better than the market expectation for a contraction of 1.1%.

"Excluding transportation, new orders increased 0.4%," the publication further read. "Excluding defense, new orders decreased 2.0%. Transportation equipment, down two of the last three months, drove the decrease, $1.8 billion or 2.3% to $77.7 billion."

Market reaction

The dollar remains on the back foot after this report and the US Dollar Index was last seen losing 0.2% on the day at 93.79.