Investing.com - U.S. factory orders slid in July, causing concern over the state of the manufacturing sector, responsible for roughly 12% of the American economy, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 3.3% in July. That was in line with analyst forecasts.
Factory orders rose 3.2% in June in an upward revision from what had been a 3.0% gain.
Following the report, which was released simultaneously with the ISM non-manufacturing PMI, EUR/USD was trading at 1.1898 from 1.1894 ahead of the release of the data, GBP/USD was at 1.2990 from 1.2985 earlier, while USD/JPY was at 109.16 compared to 109.24 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 92.41 compared to 92.47 previously.
Meanwhile, U.S. stock markets traded lower after the open. The Dow 30 lost 105 points, or 0.48%, the S&P 500 fell 7 points, or 0.27%, while the Nasdaq Composite traded down 14 points, or 0.21%.
Elsewhere, in the commodities market, gold futures traded at $1,340.57 a troy ounce, compared to $1,338.81 ahead of the data, while crude oil traded at $48.64 a barrel from $48.55 earlier.