EUR/USD moves lower

EUR/USD has moved lower early Monday morning. Last for the pair is 1.0735, down 0.0065. Market chatter about comments from the German Bundesbank's April report that described data for the German economy as disappointing in January and February has led to some selling. The Bank was not happy about contractions in industrial orders and described economic activity as slower than previously thought. Market chatter continues about data due from the ECB at 09:45 AM regarding details of QE purchases is just beginning.