Charles Purdy
on May 5th, 2022 The euro has strengthened against the dollar and the pound this morning, mainly due to dollar and sterling weakness.
Data released this morning showed that factory orders in Germany sank 4.7% month-on-month in March, worse than market forecasts of a 1.1% decline. This due to the uncertainty of the war in Ukraine, supply constraints and soaring energy.
European Central Bank official, Philip Lane, is due to speak later today.
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