A further indication of the power of the US payroll data. A significantly stronger than expected return for German August manufacturing orders, up 3.7% from forecasts of a 0.5% drop, and only a modest reaction in the EUR market.
EUR/USD based at 1.2672 before the data and has climbed to 1.2687 but a muted reaction looks to send price back into its range around 1.2675.
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