Eurozone Industrial Production drops 1.1% MoM in December vs. -0.6% expected
Eurozone’s industrial sector activity deteriorate in December, the latest data published by Eurostat showed on Thursday.
Industrial output in the old continent declined 1.1% MoM in December, compared to the estimated decrease of 0.6% and 0.4% in November.
Eurozone Industrial Production dropped at an annual rate of 2% in the same period versus November’s -1.8%. Data beat the market expectations of -3.1%.
EUR/USD reaction to the Eurozone Industrial Production data
Eurozone industrial figures fail to deter Euro buyers, as EUR/USD holds sizeable gains above 1.0400. The pair is up 0.39% on the day 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 strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.32% | -0.35% | -0.32% | 0.03% | 0.25% | 0.14% | -0.58% | |
| EUR | 0.32% | -0.04% | 0.00% | 0.34% | 0.54% | 0.45% | -0.27% | |
| GBP | 0.35% | 0.04% | 0.02% | 0.38% | 0.60% | 0.49% | -0.23% | |
| JPY | 0.32% | 0.00% | -0.02% | 0.32% | 0.56% | 0.40% | -0.27% | |
| CAD | -0.03% | -0.34% | -0.38% | -0.32% | 0.24% | 0.11% | -0.61% | |
| AUD | -0.25% | -0.54% | -0.60% | -0.56% | -0.24% | -0.11% | -0.79% | |
| NZD | -0.14% | -0.45% | -0.49% | -0.40% | -0.11% | 0.11% | -0.72% | |
| CHF | 0.58% | 0.27% | 0.23% | 0.27% | 0.61% | 0.79% | 0.72% |
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.
