US Factory Orders rise 1.2% in August vs. 0.3% expected
|- Factory Orders in the US rose more than expected in August.
- US Dollar Index stays in negative territory below 107.00.
The data published by the US Census Bureau revealed on Wednesday that new orders for manufactured goods - Factory Orders - increased $6.7 billion, or 1.2%, to $586.1 billion in August. This print followed the 2.1% decrease recorded in July and came in better than the market expectation for an increase of 0.3%.
"New orders for manufactured durable goods in August, up five of the last six months, increased $0.4 billion or 0.1 percent to $284.7 billion, down from the previously published 0.2 percent increase," the publication read.
Market reaction
The US Dollar Index recovered modestly from daily lows after this data and was last seen losing 0.2% on the day at 106.85.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.