BRUSSELS (dpa-AFX) - Germany's factory orders fell to a seasonally adjusted 1.9 percent on month in January following a revised 1.1 percent increase in the previous month, the Federal Ministry of Economics and technology data showed. Economists had expected the orders to rise 0.6 percent month-on-month in January after a 0.8 percent increase originally reported in December.
The euro edged lower against its major rivals after the data. As of 6:03 am ET, the common currency was trading at 1.2331 against the Swiss franc, 122.51 against the yen, 0.8682 against the pound and 1.3011 against the dollar.
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