The data published by the US Census Bureau revealed on Wednesday that new orders for manufactured goods - Factory Orders - increased $6.7 billion, or
1.2%, to $586.1 billion in August. This print followed the 2.1% decrease recorded in July and came in better than the market expectation for an increase of 0.3%.
"New orders for manufactured durable goods in August, up five of the last six months, increased $0.4 billion or 0.1 percent to $284.7 billion, down from the previously published 0.2 percent increase," the publication read.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD gained traction and rose above 1.0500 following a quiet Asian session on Wednesday. The data from the US showed that employment in the private sector increased at a much softer pace than expected in September, weighing on the USD and helping the pair edge higher.GBP/USD extended its daily rebound and advanced beyond 1.2150 on Wednesday.
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