Forexpros – U.S. factory orders dropped in January, but less than analysts feared, official data showed on Monday.
In a report, the U.S. Census Bureau said factory orders fell by a seasonally adjusted 1.0% in January, compared to expectations for a 1.3% decline.
The previous month’s figure was revised up to a 1.4% gain from a previously reported 1.1% increase.
Following the release of the data, the U.S. dollar held on to mild losses against the euro, with EUR/USD easing up 0.07% to trade at 1.3209.
Meanwhile, U.S. stock markets remained lower. The Dow Jones Industrial Average dipped 0.1%, the S&P 500 index declined 0.15%, while the Nasdaq Composite index eased 0.05%.
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