BREAKING: USD drops after JOLTS and factory orders data

Two macro reports from US economy were released today at 3:00 pm BST - JOTLS report for February and factory orders data for February. Factory orders report also included a revised durable goods orders data for February. Market was expected JOTLS report to show lower values than in January, while factors orders were seen rebounding after January drop.

Actual report showed higher-than-expected factory orders as well as durable goods orders that were revised slightly lower. JOLTS data came more or less in-line with market expectations. USD moved lower following the release, with USDJPY testing the 151.50 support zone.

US, JOLTS report on job openings for February: 8756k vs 8740k expected (8863k previously)

US, factory orders data for February.

• Factory orders: 1.4% MoM vs 1.0% MoM expected (-3.6% MoM previously)
• Core factory orders: 1.1% MoM vs 0.5% MoM expected (-0.8% MoM previously)
• Headline durable goods orders (final): 1.3% MoM vs 1.4% MoM in first release
• Core durable goods orders (final): 0.3% MoM vs 0.5% MoM in first release

Source: xStation5