Investing.com - U.S. factory orders rose more than expected in March, while the previous month’s reading was revised lower, official data showed on Thursday.
In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 1.1%, better than forecasts for a gain of 0.6%. Factory orders fell 1.9% in February, whose figure was revised from a previously reported decline of 1.7%.
EUR/USD was trading at 1.1483 from around 1.1502 ahead of the release of the data, GBP/USD was at 1.4485 from 1.4505 earlier, while USD/JPY was at 106.97 compared to 106.76 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 93.27, compared to 93.09 ahead of the report.
Meanwhile, U.S. stock markets were lower after the open. The Dow 30 shed 0.25%, the S&P 500 dipped 0.4%, while the Nasdaq Composite slumped 0.35%.
Elsewhere, in the commodities market, gold futures traded at $1,285.05 a troy ounce, compared to $1,287.10 ahead of the data, while crude oil traded at $44.77 a barrel from $44.80 earlier.