At 2:00 am ET Monday, German statistical office Destatis is scheduled to release its August factory orders report. Factory orders are expected to rise 2.6 percent year-over-year in August following the 4.9 percent increase in July. On a month-over-month basis, factory orders are forecast to decline 2.5 percent after the 4.6 percent growth in the previous month.
Ahead of the data, the Euro showed mixed trading against its major rivals. While the Euro held steady against the Pound and the Swiss franc, it fell against the Yen. Against the U.S. dollar, the euro rose.
As of 1:55 am ET, the Euro was trading at 0.7833 against the Pound, 1.2522 against the U.S. dollar, 1.2109 against the Swiss franc and 137.14 against the Yen.
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