Latest data released by Destatis - 5 October 2018
- Prior -0.9%
- Factory orders WDA -2.1% vs -3.0% y/y expected
- Prior -0.9%; revised to -0.8%
Slight delay in the release by the source. A strong beat on manufacturing orders there and that will provide some relief for German factory activity after the soft prior readings. It's not an immediate market mover but this will feed into Q3 German growth which will in turn have an impact on Eurozone growth as a whole.
EUR/USD still trades near the lows as the dollar stays bid ahead of the payrolls data to come, now at 1.1503 after dipping just below the 1.1500 level. EUR/GBP holds steady at 0.8841 and EUR/JPY also sits near the lows at 131.03.