Investing.com - U.S. orders for long lasting manufactured goods fell more than forecast in May, while core orders unexpectedly declined, according to official data released on Friday.
Total durable goods orders, which include transportation items, fell 2.2% last month, the Commerce Department said, compared to economists' expectations for an decline of 0.5%.
April's orders were revised down to show an increase of 3.3% from a previously reported 3.4% advance.
Durable goods are typically bulky or heavy manufactured products designed to last at least three years.
Core durable goods orders, which exclude volatile transportation items, unexpectedly dropped 0.3% last month, compared to forecasts for a 0.2% gain.
April's core durable goods orders had shown a 0.5% increase.
Immediately after the release, EUR/USD was trading at 1.1069 from around 1.1076 ahead of the publication; GBP/USD was at 1.3712 from 1.3756 earlier; while USD/JPY was at 102.49 from 102.58 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 95.81, compared to 95.75 ahead of the report.
Meanwhile, U.S. stock futures pointed to a lower open. The Dow futures tumbled 457 points, or 2.55%, the S&P 500 futures slumped 66 points, or 3.12%, while the Nasdaq 100 futures traded down 145 points, or 3.25%.
Elsewhere, in the commodities market, gold futures traded at $1,328.65 a troy ounce, compared to $1,326.75 ahead of the data, while crude oil traded at $47.98 a barrel from $47.80 earlier.