US: Factory orders increased 1.9% in March vs 1.5% expected

Eren Sengezer FXStreet

The data published by the U.S. Census Bureau today revealed that factory orders expanded by 1.9% on a monthly basis in March following February's 0.3% contraction and surpassed the market expectation for an increase of 1.5%.

The US Dollar Index, which touched a daily high of 97.82 earlier in the session, ignored the data and was last up 0.16% on the day at 97.77.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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