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EUR/USD unfazed after German Industrial orders fail to bounce
The latest German industrial orders have just been released. These were expected to bounce back in April by 0.5%, following a fall of 0.4% the month before. The April data has not delivered the expected rebound, because orders fell by 0.2%. Once again this is rather disappointing data, but will it make any difference? Well, perhaps it should, but right now although the EUR/USD is a little lower, the market is not exactly taking much notice. Germany is still the power house of the European economy, but clearly not the force it was a few years back. The EUR/USD is currently trading at 1.0882
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