US: Durable Goods Orders rise by 0.7% in May vs 0% expected

• Durable Goods Orders in the US rose unexpectedly in May. 
• US Dollar Index holds above 104.00 after the data. 

Durable Goods Orders in the US increased by 0.7%, or by $1.9 billion, on a monthly basis in May to $267.2 billion, the monthly data published by the US Census Bureau revealed on Monday. Investors were expecting the data to remain unchanged.

"Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 0.6%," the publication further read. "Transportation equipment, up two consecutive months, led the increase, $0.7 billion or 0.8% to $87.6 billion."

Market reaction

The US Dollar Index edged slightly higher after this data and was last seen posting small daily losses at 104.08.