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U.S. factory orders fall more-than-expected in June

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Forexpros - U.S. factory orders fell more-than-expected in June, official data showed on Wednesday.

In a report, the U.S. Census Bureau said factory orders fell by a seasonally adjusted 0.8% in June, above expectations for a 0.5% decline.

The previous month's figure was revised down to a 0.6% gain from a previously reported 0.8% increase.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.74% to trade at 1.4310.

Meanwhile, U.S. stock markets were modestly higher after the open. The Dow Jones Industrial Average eased up 0.05%, the S&P 500 index added 0.15%, while the Nasdaq Composite index gained 0.45%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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