Investing.com - German factory orders rose more-than-expected in December, official data showed on Monday.
Deutsche Bundesbank said factory orders rose by 1.7% after falling by 4.9% in November, whose figure was revised up from 4.8%.
Economists had expected German factory orders to increase by 0.7% in December.
Year-on-year, German factory orders remained flat in December after falling 4.3% in November, against expectations for a 0.4% decrease.
Following the data, the euro was lower against the U.S. dollar and the pound, with EUR/USD dropping 0.78% to hit 1.3054 and EUR/GBP shedding 0.37% to hit 0.8290.
Deutsche Bundesbank said factory orders rose by 1.7% after falling by 4.9% in November, whose figure was revised up from 4.8%.
Economists had expected German factory orders to increase by 0.7% in December.
Year-on-year, German factory orders remained flat in December after falling 4.3% in November, against expectations for a 0.4% decrease.
Following the data, the euro was lower against the U.S. dollar and the pound, with EUR/USD dropping 0.78% to hit 1.3054 and EUR/GBP shedding 0.37% to hit 0.8290.