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German Factory Orders fall 1.4% MoM in May vs. -0.1% expected

Germany's Factory Orders dropped more-than-expected in May, suggesting that the country’s manufacturing sector recovery lost momentum, according to the official data published by the Federal Statistics Office on Friday.
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USD/CHF falls below 0.7950 as expectations for further rate cuts by SNB diminish

USD/CHF loses ground after registering gains in the previous two sessions, trading around 0.7930 during the Asian hours on Friday.
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