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Factory Orders in the US economy expanded by 2.6% in November from a month earlier, reported the US Census Bureau. The reading came in above prior expectations and reversed October’s 3.4% decline (revised from -3.6%).
The USD Index (DXY) extends its corrective decline, as investors keep digesting the recently published Nonfarm Payrolls. The steep pullback forces the index to breach the key 102.00 support.