US: Factory Orders rise 0.3% in May vs. 0.8% expected

• Factory Orders in the US rose less than expected in May.
• US Dollar Index continues to fluctuate near 103.00.

The data published by the US Census Bureau revealed on Wednesday that new orders for manufactured goods, Factory Orders, increased $1.6 billion, or 0.3%, to $578 billion in May. This print followed April's increase of 0.3% and came in worse than the market expectation for an increase of 0.8%. 

"New orders for manufactured durable goods in May, up three consecutive months, increased $5.0 billion, or 1.8%, to $288.4 billion, up from the previously published 1.7%," the publication further read.

Market reaction

The US Dollar Index stays in its daily range near 103.00 after this report.