Investing.com - U.S. factory orders bounced back in July but came in just under expectations, official data showed on Friday.
In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 1.9% in July, slightly below forecasts for a gain of 2.0%. Factory orders fell 1.8% in June, in a downward revision from the initial read of a decline of 1.5%
Factory orders excluding transportation gained 0.2% in July, lower than the prior month’s 0.4% increase.
Immediately following the report, EUR/USD was trading at 1.1202 from around 1.1198 ahead of the release of the data, GBP/USD was at 1.3348 from 1.3333 earlier, while USD/JPY was at 103.66 compared to 103.64 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 95.53 compared to 95.55 previously.
Meanwhile, U.S. stock markets traded higher after the open. The Dow 30 gained 0.57%, the S&P 500 rose 0.57%, while the Nasdaq Composite trade up 0.65%.
Elsewhere, in the commodities market, gold futures traded at $1,327.95 a troy ounce, compared to $1,328.10 ahead of the data, while crude oil traded at $44.18 a barrel from $44.27 earlier.