- Factory orders in the US increased more than expected in December.
- The US dollar index rises towards 91.50 in US business hours.
New orders for manufactured goods, factory orders, in the US rose by $ 5.2 billion, or 1.1%, to $ 493.5 billion in December, data released by the US Census Bureau on Wednesday showed. This reading followed the November increase of 1.3% (revised from 1%) and was better than the market expectation of 0.7%.
“New orders for durable goods manufactured in December rose eight consecutive months, increasing $ 1.2 billion, or 0.5%, to $ 246.4 billion, compared to the 0.2% increase posted previously,” the publication read.
Market reaction
The US Dollar Index It didn’t show an immediate reaction to this report and was last seen gaining 0.3% on the day at 91.44.
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