US March prelim durable goods orders +2.7% vs +0.8% expected

March preliminary durable goods orders

• Prior was -1.6% (revised to -1.1%)
• Ex transport +0.4% vs +0.2% exp
• Capital goods orders non-defense ex air +1.3% vs +0.2% exp - highest since July 2017
• Prior core orders -0.1% (revised to +0.1%)
• Capital goods shipments -0.2% vs +0.1% exp
• Full report

These are strong numbers that should keep a bid under the US dollar.