US June factory orders +1.1% vs +0.6% expected

Highlights of the US June factory orders report:

• Prior was -0.5% (revised to -0.6%)
• Strong upward revisions to the durable goods orders report
• Durable goods orders capital goods non-defense ex-air +3.3% (originally reported at +1.4%)

The US dollar is at the highs of the day after this report and the better ISM non-manufacturing index.