U.S. durable goods orders decline unexpectedly

NEW YORK (Forex News Now) – The number of U.S. factory orders for durable goods declined unexpectedly in June, official data showed on Wednesday in one of the day’s spotlight FX news events.

Commerce Department data showed earlier that demand for durable goods from American factories fell 1 percent in June, after a fall of 0.8 percent in May. Analysts had expected an increase of 0.9 percent, two global forex news outlets reported.

Excluding the volatile transportation sector, new orders decreased 0.6 percent.

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