US Factory Orders rise 1.2% in August vs. 0.3% expected

• Factory Orders in the US rose more than expected in August.
• US Dollar Index stays in negative territory below 107.00.

The data published by the US Census Bureau revealed on Wednesday that new orders for manufactured goods – Factory Orders – increased $6.7 billion, or 1.2%, to $586.1 billion in August. This print followed the 2.1% decrease recorded in July and came in better than the market expectation for an increase of 0.3%. 

“New orders for manufactured durable goods in August, up five of the last six months, increased $0.4 billion or 0.1 percent to $284.7 billion, down from the previously published 0.2 percent increase,” the publication read.

Market reaction

The US Dollar Index recovered modestly from daily lows after this data and was last seen losing 0.2% on the day at 106.85.