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USD Breaking News: Dollar Finds Support After Strong Durable Goods Release

June 27, 2022

Via: DailyFX

Durable goods orders are used as a barometer for the U.S. economy by measuring industrial activity. This economic indicator represents new order data from U.S. manufacturers for higher value goods that are said to last over three years. Increasing durable goods numbers are often thought of as positives for the U.S. economy and thus the dollar by way of investors’ confidence.

For the month of May, durable goods have exceeded estimates on both total and core metrics showing increased support in the U.S. after two consecutive declining issues.

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