Charles Purdy
on December 6th, 2021 The euro is weaker against the dollar this morning due to poor German factory orders.
Released earlier today, the data shows that new orders for German manufactured goods plunged 6.9% month-on-month in October, following an upwardly revised 1.8% rise in September and compared with market forecasts of a 0.5% fall. This mainly was due to a fall in foreign demand.
Economic sentiment figures will be released tomorrow for both Germany and the Eurozone, as well as inflation rate figures from Germany.
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