(Adds reaction to U.S. data, updates prices, adds comment, changes dateline, previous LONDON)
NEW YORK, Sept 3 (Reuters) - The dollar briefly extended gains versus the euro on Wednesday after a government report showed U.S. factory orders rose more than expected in July.
New orders at U.S. factories jumped by a bigger-than-expected 1.3 percent in July, helped by a rise in transportation orders, the Commerce Department said. Economists polled by Reuters were expecting factory orders to gain 1 percent in the month. For more see [ID:nN02444541].
The euro last traded down 0.3 percent at $1.4470, after going as low as $1.4449 after the report.
"A good number," said Joseph Trevisani, chief market analyst at FX Solutions in Saddle River, New Jersey.
"We now have five months of positive factory orders. The last two negative numbers were January and February. New orders were up 2 percent. All in all, it will provide the dollar with longer-term support. Not an immediately reactive number for the market but it fills in the picture of a moderately recovering U.S. economy." (Reporting by Wanfeng Zhou and Nick Olivari)
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NEW YORK, Sept 3 (Reuters) - The dollar briefly extended gains versus the euro on Wednesday after a government report showed U.S. factory orders rose more than expected in July.
New orders at U.S. factories jumped by a bigger-than-expected 1.3 percent in July, helped by a rise in transportation orders, the Commerce Department said. Economists polled by Reuters were expecting factory orders to gain 1 percent in the month. For more see [ID:nN02444541].
The euro last traded down 0.3 percent at $1.4470
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