The U.S. Census Bureau revealed that new durable goods orders rose by 0.2% in October, reaching USD 286.6 billion, up from USD 285.9 billion in September, when orders had declined by 0.4%.
US new durable goods orders rise in October
However, October's increase fell short of the 0.5% growth anticipated by analysts at FXStreet.
Additionally, the U.S. Census Bureau reported that the U.S. trade deficit for goods narrowed by 8.8% in October, dropping to USD 99.1 billion from USD 108.7 billion in September. This figure came in better than the expected deficit of USD 99.9 billion.
