Factory Orders in the US declined more than expected in February.
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- Factory Orders in the US declined more than expected in February.
- US Dollar Index stays in negative territory below 102.00.
The data published by the US Census Bureau revealed on Tuesday that new orders for manufactured goods, Factory Orders, decreased $3.9 billion, or by 0.7%, in February to $536.4 billion. This print followed January’s decline of 2.1% and came in worse than the market expectation for a decrease of 0.5%.
“New orders for manufactured durable goods in February, down three of the last four months, decreased $2.7 billion or 1.0 percent to $268.4 billion, unchanged from the previously published decrease,” the publication further read.
The US Dollar stays under selling pressure after this data and the US Dollar Index was last seen losing 0.2% on the day at 101.82.
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