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The U.S. Commerce Department released durable goods orders data on Tuesday. The U.S. durable goods orders decreased 1.2% in September, in line with expectations, after a 3.0% drop in August. August's figure was revised down from a 2.3% fall.
The decline was partly driven by a weak demand for transportation equipment, which slid by 2.9% in September.
The U.S. durable goods orders excluding transportation fell 0.4% in September, missing expectations for a flat reading, after a 0.9% decrease in August. August's figure was revised down from a flat reading.
The U.S. durable goods orders excluding defence dropped 2.0 % in September, after a 2.1% decline in August. August's figure was revised down from a 1.0% decrease.
A stronger U.S. dollar weighs on U.S. exports and makes imports more attractive for consumers in the U.S.
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