Forexpros – U.S. factory orders declined more-than-expected in October, falling for the second consecutive month official data showed on Monday.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 0.4% in October, disappointing expectations for a drop of 0.3%.
The previous month’s figure was revised down to a 0.1% decline from a previously reported 0.3% increase.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.55% to trade at 1.3467.
Meanwhile, U.S. stock markets were sharply higher after the open. The Dow Jones Industrial Average jumped 1.25%, the S&P 500 index rallied 1.4%, while the Nasdaq Composite index gained 1.3%.
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