Germany’s industrial activity extended its south run in November, according to the official data published by Destatis on Tuesday.
Industrial output in the Eurozone’s economic powerhouse fell 0.7% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the 0.2% expected and a 0.3% decline seen in October.
On an annual basis, German Industrial Production tumbled 4.8% in November, as against October’s 3.4% drop.
EUR/USD reaction to the German Industrial Production data
The shared currency shrugs off the downbeat German industrial figures. The pair is trading modestly flat on the day at 1.0948, as of writing.
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 | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.01% | 0.06% | 0.10% | 0.26% | -0.11% | 0.27% | 0.04% | |
| EUR | -0.02% | 0.03% | 0.08% | 0.21% | -0.13% | 0.24% | -0.01% | |
| GBP | -0.07% | -0.03% | 0.03% | 0.18% | -0.18% | 0.20% | -0.01% | |
| CAD | -0.10% | -0.07% | -0.04% | 0.15% | -0.22% | 0.17% | -0.05% | |
| AUD | -0.25% | -0.22% | -0.18% | -0.14% | -0.36% | 0.03% | -0.22% | |
| JPY | 0.10% | 0.12% | 0.17% | 0.24% | 0.35% | 0.37% | 0.17% | |
| NZD | -0.27% | -0.25% | -0.20% | -0.16% | -0.05% | -0.36% | -0.23% | |
| CHF | -0.04% | -0.04% | 0.01% | 0.05% | 0.17% | -0.17% | 0.21% |
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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/german-industrial-production-declines-07-mom-in-november-vs-02-expected-202401090703