FXstreet.com (Barcelona) - U.S. markets are fluctuating between gains and losses after a weaker than expected increase on U.S. Factory orders. The Dollar trades higher against the Pound, lower against Yen.
Dow Jones Industrials Index edges down 0.15%, while the Nasdaq Index remains practically at opening levels, and the S&P Index trades 0.14% down one hour after the opening bell.
On the macroeconomic domain, Demand for goods produced in U.S. factories has increased for the fourth consecutive month in July 1.3% up compared to June, although the increase has been lower than the 2.3% foreacasted by the analysts.
Dollar, up against Euro down against Yen
EUR/USD decline from Tuesday's high at 1.4375 has found support at 1.4175 on Asian session and the Euro performed a mild recovery to 1.4245 during European session, to decline afterwards to test 1.4190 intra-day low at the time of writing.
GBP/USD has extended recovery from intra-week low at 1.6115 reaching 1.6250 high ahead of the U.S. session opening, and remains trading some pips below here, around 1.6230.
USD/JPY continues depreciating, and the pair dipped some time before the U.S. session opening, to 92.25 low to bounce up to levels around 92.50 at the moment of writing.