German Factory Orders unexpectedly drop -3.7% MoM in May, EUR/USD unfazed

The German Factory Orders unexpectedly fell in May, suggesting that the manufacturing sector in Europe’s economic powerhouse is still in the doldrums.
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RBA’s Lowe: Want to see inflation above 2% for number of quarters

Commenting on the inflation outlook, the RBA Governor Phillip Lowe said that he “wants to see inflation above 2% for a number of quarters.” The centra
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