German Factory Orders fall 0.4% MoM in April vs. 3.8% expected

• German Factory Orders dropped 0.4% MoM in April vs. 3.8% expected.
• German Factory output tumbled 9.9% YoY in April vs. -8.4% expected.
• EUR/USD remains unfazed near 1.0725 following the downbeat German data.

more to come ...