- Factory orders in the US continued to increase in June.
- The US Dollar Index trimmed early gains, remaining lateralized above 92.00.
New orders for manufactured products – Factory orders, in the U.S. rose by $ 7.4 billion, up 1.5%, to $ 506 billion in June, data released by the US Census Bureau on Tuesday. This reading followed the May expansion of 2.3% and was better than the market expectation of a 1% increase.
“Shipments, also in thirteen of the last fourteen months, increased $ 7.6 billion, up 1.6%, to $ 499.0 billion.” “Raw orders, up to five consecutive months, increased $ 11.5 billion, or 1.0%, to $ 1,223.1 billion.
Market reaction
The US Dollar Index it rises modestly in the US session and was last seen trading sideways on the day at 92.07.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
