On Friday, the US dollar is trading slightly bearish against major currencies following disappointing economic data releases from the US, pointing to signs of weakness in the US economy. At the time of writing, the US dollar index DXY is trading around 97.70.

Core durable goods orders experienced a steeper decline than expected during September, as did shipments, key indicators that reveal weakness in business investment. According to data released by the US Commerce Department, orders for non-defense capital goods, which exclude aircraft, declined by 0.5% in September, worse than economists’ expectations which were for a 0.2% decline. August’s data was also revised lower from -0.4% to -0.6%.

In more disappointing news, new sales for single-family homes fell by 0.7% in September to a seasonally adjusted 701k units, coming in line with expectations. New home sales fell lower than in the previous month when they had come in at 715k originally, which was then revised lower to 706k.

On the positive side, jobless claims declined by 6,000 to touch a seasonally adjusted 212k for the previous week, while the prior week’s data was revised higher by 4,000. The figure came in better than expected as economists had forecast jobless claims to touch 215k for the period.