Investing.com - U.S. factory orders fell more-than-expected in January, underlining concerns over the U.S. economic outlook, official data showed on Thursday.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 0.7% in January, compared to forecasts for a 0.4% drop. Factory orders for December were revised down to a 2% drop from a previously reported decline of 1.5%.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.81% to trade at 1.3844.
Meanwhile, U.S. stock markets were higher after the open. The Dow Jones Industrial Average picked up 0.5%, the S&P 500 index added 0.45%, while the Nasdaq Composite index increased 0.2%.