US: Factory Orders decline by 1.6% in January vs. -1.8% expected

• Factory Orders in the US declined slightly less than expected in January.
• US Dollar Index stays in negative territory below 104.50.

The data published by the US Census Bureau revealed on Monday that new orders for manufactured goods, Factory Orders, decreased $8.9 billion, or by 1.6%, in January to $542.8 billion. This print followed December's increase of 1.7% and came in slightly better than the market expectation for a decline of 1.8%.

"New orders for manufactured durable goods in January, down two of the last three months, decreased $12.8 billion, or 4.5%, to $272.4 billion, unchanged from the previously published decrease," the publication further read.

Market reaction

The US Dollar Index stays under modest bearish pressure and was last seen losing 0.25% on a daily basis at 104.27.