- US factory orders declined modestly in August.
- The dollar continues to weaken against its main rivals.
Data released by the US Census Bureau revealed Tuesday that new orders for manufacturing goods, factory orders, fell by less than $100 million in August and were virtually unchanged at $548.4 billion. This figure is the continuation of July contraction of 1%and is below market expectations, which expected a 0.3% increase.
“New orders for durable goods manufactured in August, which chained two consecutive months of declines, fell by 500 million dollars, or 0.2%, to 272.7 billion, unchanged from the decline previously published”, it is also read in the post.
Source: Fx Street
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