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German Factory orders rise much more than expected- EUR/USD lifts on the news

German factory orders were forecast to rise by 1.3% in March, after not rising at all in February. That data has just been released and it has seen orders significantly beat on forecasts, rising by 3.6%. This is quite a surprise and it has immediately lifted the DAX futures and helped the EUR/USD jump back to 1.1370. 
 

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