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German Factory Orders

Written July 7, 2009 at 6:04 AM EST by Vincent Facchino 

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German Factory Orders m/m came in at 4.4% , much better than the 0.5% expected. Y/y also beat expectations at -29.4% vs. the -31.2% expected. Eur/Usd initially traded up to a new high of 1.3997 and at time of press is trading at 1.3985. This should be a strong number for the Euro.

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