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U.S. factory orders plunge 10.1% in August

Published 10/02/2014, 10:01 AM
Updated 10/02/2014, 10:01 AM
U.S. factory orders plunge in August

Investing.com - U.S. factory orders fell more-than-expected in August, dampening optimism over the strength of the economy, official data showed on Thursday.

In a report, the U.S. Census Bureau said factory orders tumbled by a seasonally adjusted 10.1% in August, worse than forecasts for a decline of 9.3%. Factory orders rose by 10.5% in July.

EUR/USD was trading at 1.2654 from around 1.2657 ahead of the release of the data, while GBP/USD was at 1.6144 from 1.6140 earlier.

Meanwhile, U.S. stock markets were mixed after the open. The Dow 30 fell 0.1%, the S&P 500 inched up 0.1%, while the NASDAQ 100 tacked on 0.1%.

Elsewhere, in the commodities market, gold traded at $1,212.70 a troy ounce, compared to $1,213.20 ahead of the data, while crude oil traded at $90.20 a barrel from $90.22 earlier.

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