From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
4 Feb 2022
Germany: Factory Orders rise by 2.8% in December vs. 0.5% expected
- Factory Orders in Germany rose at a stronger pace than expected in December.
- EUR/USD continues to trade in the positive territory above 1.1450.
The data published by Destatis showed on Friday that Factory Orders in Germany expanded by 2.8% on a monthly basis in December. This print came in better than the market expectation for an increase of 0.5%.
On a yearly basis, Factory Orders rose by 5.5%, compared to analysts' estimate of 2%.
Market reaction
These figures don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was up 0.15% on a daily basis at 1.1456.