Investing.com - U.S. factory orders rose more-than-expected in February, easing concerns over the U.S. economic outlook, official data showed on Wednesday.
In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 1.6% in February, beating forecasts for a 1.2% gain.
Factory orders for January were revised down to a 1% drop from a previously reported decline of 0.7%.
Following the release of the data, the U.S. dollar added to modest gains against the euro, with EUR/USD shedding 0.1% to trade at 1.3779, compared to 1.3787 ahead of the data.
Meanwhile, U.S. stock markets were flat after the open. The Dow Jones Composite picked up 0.01%, the S&P 500 was little changed, while the Nasdaq increased 0.04%.