US Durable Goods Orders Surpass Expectations with 3.2% Rise in March

Durable Goods Orders in the US rose by 3.2% in March to $276.4 billion, surpassing the market expectation for an increase of 0.8%. Transportation equipment led the increase, rising by $8.1 billion or 9.1% to $97.4 billion. The US Dollar Index remained under pressure despite the upbeat data, losing 0.5% on the day at 101.35.