|

Bundesbank: German economic output could increase slightly in Q3

Germany’s central bank, the Bundesbank, said in its monthly economic report published on Tuesday that the “German economic output could increase slightly in Q3.”

Additional takeaways

German economic output could increase slightly in Q3.

Recovery further delayed but recession not seen.

We can expect a temporary rise in the German inflation rate towards the end of the year on the energy base effect.

German Negotiated Wage Growth data came in at 3.1% in Q2 vs. 6.2% In Q1.

German Negotiated Wage Growth excluding one-offs arrived at 4.2% in Q2 vs 3.0% in Q1.

Market reaction

The Bundesbank report failed to have any impact on the Euro, as EUR/USD kept its consolidative mode intact at around 1.1080, at the time of writing. The pair is down 0.06% so far.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.

 USDEURGBPJPYCADAUDNZDCHF
USD 0.05%-0.10%-0.15%-0.17%-0.04%-0.77%-0.36%
EUR-0.05% -0.16%-0.21%-0.20%-0.07%-0.52%-0.41%
GBP0.10%0.16% -0.04%-0.05%0.11%-0.36%-0.26%
JPY0.15%0.21%0.04% -0.01%0.11%-0.33%-0.23%
CAD0.17%0.20%0.05%0.00% 0.13%-0.30%-0.22%
AUD0.04%0.07%-0.11%-0.11%-0.13% -0.45%-0.36%
NZD0.77%0.52%0.36%0.33%0.30%0.45% 0.08%
CHF0.36%0.41%0.26%0.23%0.22%0.36%-0.08% 

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

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.

More from Dhwani Mehta
Share:

Editor's Picks

AUD/USD hovers around 0.7000, over one-week low ahead of RBA decision

AUD/USD consolidates the previous day's losses to an over one-week low, holding steady around 0.7000 during the Asian session on Tuesday ahead of the RBA rate decision. Meanwhile, the US Dollar remains depressed as hopes for a diplomatic resolution to end the US-Iran war counter Fed hike bets amid market anxiety ahead of the US midterm elections, further supporting the currency pair.





USD/JPY fails near 159.00 amid weak USD, intervention risks

USD/JPY edges lower during Tuesday’s Asian session, reversing part of the previous day's gains to 158.00 as the US Dollar remains depressed amid hopes for Iran diplomacy and ahead of US midterm elections. Meanwhile, intervention risks support the Japanese Yen, though the uncertainty over the timing of the next BoJ rate hike caps gains. This keeps the pair confined within a familiar range and warrants caution before placing directional bets.


Gold consolidates near $3,950 as Fed hike bets counter weak USD ahead of US elections

Gold holds steady around $3,950 through Tuesday’s Asian session, consolidating the previous day's recovery gains from the lowest level since October 2025, touched last week. Hopes for Iran optimism keep the safe-haven US Dollar depressed, which, along with anxiety ahead of US midterm elections, supports the bullion. However, Fed rate-hike bets and a modest bounce in US bond yields cap gains for the non-yielding yellow metal.

RBA expected to raise interest rate to 4.85%

The Reserve Bank of Australia will announce its monetary policy decision on Tuesday and is widely anticipated to raise the Official Cash Rate by 25 basis points to 4.85% from 4.6%. If the RBA delivers as expected, it will be the fifth interest rate hike of 2026, and the OCR will hit an 18-year high.

Strong iPhone sales fortify Apple's Q4 result

A robust fourth-quarter for Apple's iPhone sales helped the tech titan beat Wall Street's consensus on Monday. Apple reported $57.58 billion in iPhone sales in Q4, beating the average analyst estimate by more than a billion. However, AAPL stock shed close to 4% afterhours despite the top and bottom line beat.

The 2% inflation target came from a throwaway remark. It now moves trillions
The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.