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German industrial orders rebounded in August

German industrial orders rebounded in August
The market has largely ignored the strong German industrial orders data released a short time ago. The euro is down 17 pips on the day, mostly since the release at 0800 CET, though bund yields are up 1.6 bps.Orders rose 3.9% in August compared to 1.8% expected. In addition, the July reading was revised higher to -11.3% from -11.7%. I suspect the market is having a hard time getting excited about the rebound given the worrisome plunge in last month's data.The bounce may also have been a one-off w... Read More
Posted: Oct 6 2023, 06:53
Author Name: forexlive
Views: 082851

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