Factory Orders in the US declined sharply in July.
US Dollar Index trades at multi-month highs above 104.50.
The data published by the US Census Bureau revealed on Tuesday that new orders for manufactured goods - Factory Orders - decreased $12.7 billion, or 2.1%, to $579.4 billion in July. This print followed the 2.3% increase recorded in June and came in worse than the market expectation for a decrease of 0.1%.
"New orders for manufactured durable goods in July, down following four consecutive monthly increases, decreased $15.7 billion, or 5.2 percent, to $285.5 billion, unchanged from the previously published decrease," the publication further read
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