German Industrial Production jumps 1.5% MoM in November vs. 0.5% expected
Germany’s industrial sector staged a turnaround in November, according to the latest data published by Destatis on Thursday.
In the Eurozone’s economic powerhouse, industrial output jumped by 1.5% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the estimated 0.5% rebound and a 1.0% drop in October.
German Industrial Production fell by 2.8% year-on-year (YoY) in November versus October’s -4.2% revision.
EUR/USD reaction to the German Industrial Production data
The upbeat German data fail to inspire Euro buyers, as EUR/USD remains 0.15% lower on the day at 1.0300 at the press time.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.12% | 0.45% | -0.14% | -0.01% | 0.28% | 0.23% | 0.00% | |
| EUR | -0.12% | 0.33% | -0.24% | -0.13% | 0.16% | 0.10% | -0.11% | |
| GBP | -0.45% | -0.33% | -0.60% | -0.46% | -0.16% | -0.21% | -0.41% | |
| JPY | 0.14% | 0.24% | 0.60% | 0.10% | 0.40% | 0.30% | 0.14% | |
| CAD | 0.00% | 0.13% | 0.46% | -0.10% | 0.30% | 0.23% | 0.04% | |
| AUD | -0.28% | -0.16% | 0.16% | -0.40% | -0.30% | -0.07% | -0.25% | |
| NZD | -0.23% | -0.10% | 0.21% | -0.30% | -0.23% | 0.07% | -0.19% | |
| CHF | -0.01% | 0.11% | 0.41% | -0.14% | -0.04% | 0.25% | 0.19% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
