Investing.com - U.S. factory orders fell more than expected in May, causing concern over the manufacturing sector, responsible for roughly 12% of the American economy, official data showed on Wednesday.
In a report, the U.S. Census Bureau said factory orders decreased by a seasonally adjusted 0.8% in May, compared to expectations for a decline of 0.5%
Factory orders dropped 0.3% in February in a downward revision from what had been a 0.2% decrease.
Following the report, EUR/USD was trading at 1.1330 from 1.1324 ahead of the release of the data, GBP/USD was at 1.2914 from 1.2910 earlier, while USD/JPY was at 113.30 compared to 113.45 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 96.15 compared to 96.18 previously.
Meanwhile, U.S. stock markets traded lower after the open. The Dow 30 lost 53 points, or 0.24%, the S&P 500 fell 7 points, or 0.30%, while the Nasdaq Composite traded down 8 points, or 0.13%.
Elsewhere, in the commodities market, gold futures traded at $1,221.37 a troy ounce, compared to $1,219.65 ahead of the data, while crude oil traded at $45.58 a barrel from $46.09 earlier.
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