ECB: Euro area’s negotiated wages advance 4.12% YoY in Q4 2024 vs. 5.43% in Q3
|On Tuesday, the European Central Bank (ECB) released its indicator of the Euro area’s negotiated wages data for the fourth quarter (Q4) of 2024.
Data showed that the Euro area negotiated wages grew 4.12% year-on-year (YoY) in Q4 2024 after increasing by a revised 5.43% in the previous quarter.
Market reaction to the EU negotiated wages data
The cooldown in the EU negotiated wage growth fails to move the needle around the Euro, as EUR/USD trades modestly flat on the day near 1.0470 as of writing.
About ECB indicator of negotiated wage growth
The ECB indicator of negotiated wage growth is computed for a subset of countries only. The euro area aggregate is based on nine countries: Germany, France, Italy, Spain, the Netherlands, Belgium, Finland, Austria and Portugal. The indicator relies on data for negotiated monthly earnings. The euro area indicator is based on a mixture of monthly and quarterly time series and is based on non-harmonised country data.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.04% | 0.02% | -0.03% | 0.04% | 0.28% | 0.38% | -0.06% | |
| EUR | 0.04% | 0.06% | 0.05% | 0.08% | 0.30% | 0.43% | -0.02% | |
| GBP | -0.02% | -0.06% | -0.06% | 0.02% | 0.26% | 0.37% | -0.08% | |
| JPY | 0.03% | -0.05% | 0.06% | 0.07% | 0.31% | 0.40% | -0.03% | |
| CAD | -0.04% | -0.08% | -0.02% | -0.07% | 0.24% | 0.35% | -0.10% | |
| AUD | -0.28% | -0.30% | -0.26% | -0.31% | -0.24% | 0.11% | -0.34% | |
| NZD | -0.38% | -0.43% | -0.37% | -0.40% | -0.35% | -0.11% | -0.45% | |
| CHF | 0.06% | 0.02% | 0.08% | 0.03% | 0.10% | 0.34% | 0.45% |
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).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.