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U.S. factory orders rise 1% in February, in line with forecasts

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Investing.com - U.S. factory orders rose as expected in February, official data showed on Tuesday.

In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 1.0% in February, in line with consensus expectations. Factory orders rose 1.5% in the first month of the year in an upward revision from what had been a 1.2% advance.

Factory orders excluding transportation gained 0.4% in February, lower than the prior month's 0.5% increase that was revised from an initial 0.3% advance.

Immediately following the report, EUR/USD was trading at 1.0650 from 1.0648 ahead of the release of the data, GBP/USD was at 1.2449 from 1.2452 earlier, while USD/JPY was at 110.54 compared to 110.62 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 100.54 compared to 100.56 previously.

Meanwhile, U.S. stock markets traded mixed near the unchanged mark after the open. The Dow 30 slipped 17 points, or 0.08%, the S&P 500 lost 6 points, or 0.25%, while the Nasdaq Composite fell 7 points, or 0.11%.

Elsewhere, in the commodities market, gold futures traded at $1,259.00 a troy ounce, compared to $1,258.75 ahead of the data, while crude oil traded at $50.55 a barrel from $50.61 earlier.

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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.


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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