Forexpros – U.S. factory orders rose more-than-expected in May, increasing for the first time in three months, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders rose by a seasonally adjusted 0.7% in May, above expectations for a 0.2% gain.
Factory orders in April fell by 0.7%. The figure was revised from a previously repotted decline of 0.6%.
Following the release of the data, the U.S. dollar held on to mild loses against the euro, with EUR/USD adding 0.07% to trade at 1.2584.
Meanwhile, U.S. stock markets remained modestly higher. The Dow Jones Industrial Average rose 0.2%, the S&P 500 index gained 0.25%, while the Nasdaq Composite index added 0.2%.
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