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US durable goods orders rise more than forecast

US durable goods orders rise more than forecast

U.S. durable goods orders showed a more than forecast rise in May, while goods trade deficit widened more than forecast.

Durable goods orders rose 0.3 percent last month, following a revised of 0.1 percent decrease in April. Analysts had predicted a 0.1 percent increase.  

The core reading showed a 1.3 percent fall in May, compared to both revised prior and expected readings of -2.8 percent and 0.0 percent.

Another report from the U.S. showed that goods trade deficit widened to 74.5 billion in May from a revised deficit of 70.9 billion in April, while analysts had estimated a widening trade gap to 71.8 billion.

As of 12:50 GMT, the dollar traded higher at 95.77, set for its second straight daily gain after hitting a bottom of 95.35 on Tuesday.

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