© Reuters. U.S. factory orders rise in line with expectations in JuneInvesting.com - U.S. factory orders rose broadly in line with market expectations in June, underlining optimism over the health of the economy and supporting the case for a U.S. interest rate hike this year, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 1.8% in June, meeting expectations.
Factory orders fell by 1.1% in May, whose figure was revised from a previously reported decline of 1.0%.
EUR/USD was trading at 1.0964 from around 1.0961 ahead of the release of the data,GBP/USD was at 1.5608 from 1.5604 earlier, while USD/JPY was at 124.08 from 124.05 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 97.53, compared to 97.51 ahead of the report.
Meanwhile, U.S. stock markets were steady after the open. The Dow 30 fell 0.01%, theS&P 500 shed 0.01%, while the Nasdaq Composite tacked on 0.06%.
Elsewhere, in the commodities market, gold futures traded at $1,090.50 a troy ounce, compared to $1,091.10 ahead of the data, while crude oil traded at $46.05 a barrel from $46.12 earlier.
