The euro declined versus its major rivals today after a report showed that German factory orders fell in December unexpectedly. The euro performed much better versus commodity currencies.
Destatis, German Federal Statistical Office, reported that factory orders fell 1.6% in December from the previous month on a seasonally adjusted basis. That was a total surprise to analysts as they were expecting an increase by 0.3%. The indicator dropped 7.0% from the same month a year ago.
EUR/USD declined from 1.1404 to 1.1391 as of 12:36 GMT today. EUR/JPY fell from 125.41 to 125.00.
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