US: Factory Orders unchanged in February vs. +0.2% expected

• Factory Orders in US stayed unchanged in February.
• US Dollar Index continues to push higher above 100.

Factory Orders in the US was virtually unchanged at $497.4 billion in February, the US Census Bureau reported on Thursday. This reading following a 0.5% decline in January and came in worse than the market expectation for an increase of 0.2%.

"Shipments, down two consecutive months, decreased $0.8 billion or 0.2% to $500.3 billion," the publication read. "Unfilled orders, up four of the last five months, increased $1.4 billion to $1,158.6 billion. The unfilled orders-to-shipments ratio was 6.61, down from 6.62 in January."

Market reaction

The greenback continues to gather strength against its rivals. As of writing, the US Dollar Index was up 0.65% on the day at 100.13.