- Factory orders in the United States increased more than expected in October.
- The Dollar Index remains in positive territory around 104.90.
Data published by the US Census Bureau. They showed on Monday that new orders for manufacturing goods, Factory Orders, rose $5.8 billion, or 1%, in October, to $556.6 billion. This data followed September’s 0.3% growth and exceeded market expectations for a 0.7% increase.
“October new orders for manufactured durable goods, seven of the past eight months, increased $3 billion, or 1.1%, to $277.4 billion, above the previously posted 1% increase,” it further read. in the post.
market reaction
Combined with the better-than-expected ISM Services PMI report, the data helped the US dollar continue to outperform its rivals in the second half of trading on Monday. At press time, the Dollar Index was up 0.4% on the day, sitting at 104.90.
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.
