German engineering union VDMA with the data 4 Dec
- domestic orders +7%
- foreign orders +10%
Says the VDMA:
- The upswing in mechanical engineering is clearly propelled by exports.
- Domestic demand has caught up in October but it remains to be seen if this trend would continue also in the coming months
Meanwhile EURUSD 1.1865 after failing onto 1.1800 offers/res
