US: Factory Orders rise by 1.5% in June vs. 1% expected

• Factory Orders in the US continued to rise in June.
• US Dollar Index pared early gains, stays flat above 92.00.

New orders for manufactured goods, Factory Orders, in the US rose by $7.4 billion, or 1.5%, to $506 billion in June, the data published by the US Census Bureau showed on Tuesday. This reading followed May's expansion of 2.3% and came in better than the market expectation for an increase of 1%.

"Shipments, also up thirteen of the last fourteen months, increased $7.6 billion, or 1.6%, to $499.0 billion," the publication further read. "Unfilled orders, up five consecutive months, increased $11.5 billion, or 1.0%, to $1,223.1 billion. 

Market reaction

The US Dollar Index inches slightly higher in the American session and was last seen trading flat on the day at 92.07.