Investing.com - U.S. factory orders fell unexpectedly in April, dampening optimism over the strength of the economy, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 0.4% in April, disappointing expectations for a gain of 0.2%.
Factory orders rose by 2.2% in March, whose figure was revised up from a previously reported gain of 2.1%.
EUR/USD was trading at 1.1142 from around 1.1124 ahead of the release of the data, GBP/USD was at 1.5333 from 1.5312 earlier, while USD/JPY was at 123.91 from 124.13 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 96.00, compared to 96.17 ahead of the report.
Meanwhile, U.S. stock markets were lower after the open. The Dow 30 fell 0.35%, the S&P 500 shed 0.4%, while the Nasdaq Composite dipped 0.5%.
Elsewhere, in the commodities market, gold futures traded at $1,193.90 a troy ounce, compared to $1,192.90 ahead of the data, while crude oil traded at $60.56 a barrel from $60.60 earlier.
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U.S. factory orders fall 0.4% in April
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