The euro was slightly higher Thursday despite a fresh economic report indicating Europe's largest economy is on a slippery ground.
EUR/USD last traded at 1.0867, up 0.02%.
As if the Volkswagen scandal wasn’t bad enough, Germany’s factories have also suffered another drop in demand orders.
Bundesministerium für Wirtschaft und Technologie said in a report that German factory orders fell to a seasonally adjusted -1.7%, from -1.8% in the preceding month.
That’s rather worse than expected - economists forecast a 1% rise - and it suggests Europe’s largest economy is suffering from weaknesses overseas.
