Investing.com - U.S. factory orders rose for the first time in eight months in March, easing concerns over the strength of the economy, official data showed on Monday.
In a report, the U.S. Census Bureau said factory orders jumped by a seasonally adjusted 2.1% in March, just above expectations for a gain of 2.0%.
Factory orders fell by 0.1% in February, whose figure was revised down from a previously reported gain of 0.2%.
EUR/USD was trading at 1.1160 from around 1.1163 ahead of the release of the data, GBP/USD was at 1.5113 from 1.5120 earlier, while USD/JPY was at 120.20 from 120.17 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 95.53, compared to 95.52 ahead of the report.
Meanwhile, U.S. stock markets were mildly higher after the open. The Dow 30 rose 0.55%, the S&P 500 advanced 0.55%, while the Nasdaq Composite picked up 0.7%.
Elsewhere, in the commodities market, gold futures traded at $1,187.60 a troy ounce, compared to $1,188.50 ahead of the data, while crude oil traded at $58.72 a barrel from $58.84 earlier.
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U.S. factory orders rise 2.1% in March
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