Factory Orders in the US declined modestly in August.
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- Factory Orders in the US declined modestly in August.
- The dollar continues to weaken against its major rivals.
The data published by the US Census Bureau revealed on Tuesday that new orders for manufactured goods, Factory Orders, declined by less than $0.1 billion in August and remained virtually unchanged at $548.4 billion. This print followed July’s contraction of 1% and came in worse than the market expectation for an increase of 0.3%.
“New orders for manufactured durable goods in August, down two consecutive months, decreased $0.5 billion or 0.2%, to $272.7 billion, unchanged from the previously published decrease,” the publication further read.
The dollar selloff continues after this data and the US Dollar Index was last seen losing 0.9% on the day at 110.67.
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