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.