US: Factory Orders rise by 1.1% in March vs. 1.3% expected
- Factory Orders in US rose less than expected in March.
- US Dollar Index stays in the positive territory above 91.20.
New orders for manufactured goods, Factory Orders, in the US rose by $5.8 billion, or 1.1%, to $512.9 billion in March, the data published by the US Census Bureau showed on Tuesday. This reading followed February's contraction of 0.5% (revised from -0.8%) and came in worse than the market expectation for an increase of 1.3%.
"New orders for manufactured durable goods in March, up ten of the last eleven months, increased $2.0 billion, or 0.8% to $256.9 billion, up from the previously published 0.5%," the publication further read.
Market reaction
This report doesn't seem to be having a significant impact on the USD's performance against its rivals. As of writing, the US Dollar Index was up 0.3% on the day at 91.24.
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.
