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Dollar Steady Ahead Of US Factory Orders, ISM Non-manufacturing Data

The Institute for Supply Management is scheduled to release the results of its non-manufacturing survey at 10 am ET. The non-manufacturing index is likely to show a reading of 56 for February compared to 56.8 in January.

Additionally, the Commerce Department is due to release its report on factory goods orders for January at 10 am ET. Economists estimate a 1.6 percent drop in orders for factory goods after rising 1.1 percent in December.

The US dollar held steady against its major rivals ahead of the data. As of 9:55 am ET, the greenback was trading at 0.9125 against the Swiss franc, 1.5856 against the pound, 81.45 against the yen and 1.3220 against the euro.

by RTTNews Staff Writer

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