- Factory orders in the United States rose more than expected in August.
- The Dollar Index remains in negative territory below 107.00.
The data published by the US Census BureauOn Wednesday, new orders for manufacturing goods rose $6.7 billion, or 1.2%, to $586.1 billion in August. This figure follows the 2.1% decrease recorded in July and exceeds market expectations, which expected an increase of 0.3%.
“New orders for durable manufactured goods in August, five of the last six months on the rise, rose $400 million, or 0.1%, to $284.7 billion, down from the previously reported 0.2% increase,” the publication said.
Market reaction
The Dollar Index recovered modestly from daily lows following this data and lost 0.2% on the day, settling at 106.85.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
