- Factory Orders in US rose more than expected in November.
- US Dollar Index stays in the positive territory above 89.50.
New orders for manufactured goods, Factory Orders, in the US rose by $5 billion, or 1%, to $487.2 billion in November, the data published by the US Census Bureau showed on Wednesday. This reading followed October’s increase of 1.3% (revised from 1%) and came in better than the market expectation of 0.7%.
“New orders for manufactured durable goods in November, up seven consecutive months, increased $2.3
billion, or 1.0%, to $244.4 billion,” the publication further revealed.
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen gaining 0.12% on the day at 89.55.
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