US: Factory Orders expand by 1% in October vs. 0.7% expected

, in October to $556.6 billion. This print followed September's growth of 0.3% and came in better than the market expectation for an increase of 0.7%.

"New orders for manufactured durable goods in October, up seven of the last eight months, increased $3.0 billion or 1.1%to $277.4 billion, up from the previously published 1% increase," the publication further read.Combined with the better-than-expected ISM Services PMI report, the data helps the US Dollar continue to outperform its rivals in the second half of the day on Monday.

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