US November prelim durable goods orders +1.3% vs +2.0% expected

Durable goods orders for November

• Prior was -0.8%
• Ex transportation -0.1% vs +0.5% expected
• Prior ex-transportation +1.3%
• Capital goods orders nondefense ex air -0.1% vs +0.5% expected
• Prior capital goods orders nondefense ex air +0.8%
• Capital goods shipments nondefense ex air +0.3% vs +0.3% expected
• Prior cap goods shipments nondefense ex air +1.3%

The weakness in core orders is a disappointment for the dollar on the final true trading day of the year. Still, the average over the past three months is +1.0%.