German Factory Orders rebound sharply by 3.7% MoM in November; a big beat

  • German Factory Orders rebounded 3.7% MoM in November.
  • On a yearly basis, Germany’s Factory Orders jumped by 1.3% in November.
  • EUR/USD tests low just below 1.1300 despite strong German Factory data.

more to come ...

Germany Factory Orders n.s.a. (YoY) up to 1.3% in November from previous -1%

Germany Factory Orders n.s.a. (YoY) up to 1.3% in November from previous -1%
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NZD/USD slides to over two-week low, below mid-0.6700s amid stronger USD/risk-off

The NZD/USD pair continued losing ground through the early European session and dropped to over a two-week low, below mid-0.6700s in the last hour. Th
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