Investing.com - U.S. factory orders rose less than expected in July, dampening optimism over the health of the economy, official data showed on Wednesday.
In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 0.4% in July, missing forecasts for a gain of 0.9%.
Factory orders rose by 2.2% in June, whose figure was revised from a previously reported increase of 1.8%.
EUR/USD was trading at 1.1238 from around 1.1240 ahead of the release of the data, GBP/USD was at 1.5290 from 1.5292 earlier, while USD/JPY was at 120.13 from 120.11 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 95.84, compared to 95.82 ahead of the report.
Meanwhile, U.S. stock markets were higher after the open. The Dow 30 rose 1.2%, the S&P 500 jumped 1.05%, while the Nasdaq Composite tacked on 1.1%.
Elsewhere, in the commodities market, gold futures traded at $1,137.80 a troy ounce, compared to $1,139.00 ahead of the data, while crude oil traded at $45.38 a barrel from $45.34 earlier.