Investing.com - U.S. factory orders rose more-than-expected in June, easing concerns over the strength of the economy, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders climbed by a seasonally adjusted 1.1% in June, beating forecasts for a gain of 0.6%. Factory orders fell by 0.5% in May.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.38% to trade at 1.3372, compared to 1.3379 ahead of the data.
Meanwhile, U.S. stock markets were lower after the open. The Dow declined 0.55%, the S&P 500 slumped 0.6%, while the NASDAQ Composite shed 0.8%.