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German manufacturing growth up, but factories are stretched to capactity

The euro and German government bond yields rose this morning after the release of the MARKIT Manufacturing purchasing managers’ index for Germany, showing that 59.3% of respondents were expanding. EUR/USD rose from 1.188 at 4:00 a.m. to 1.922 at 8:00 a.m. Die Welt reports that German factories are stretched to capacity: there simply aren’t enough […]