Eurozone Industrial Production rose 0.2% MoM in September vs. 1.1% decline in August

Sagar Dua FXStreet

The Eurozone industrial sector activity expanded in September after contracting in August, according to the latest data published by Eurostat on Wednesday.

Industrial output in the old continent increased 0.2% month-over-month (MoM) in September, slower than the market forecast of 0.7%. In August, the economic data declined by 1.1%, revised lower from 1.2%.

Annually, Eurozone Industrial Production rose steadily by 1.2% in the same period, slower than estimates of 2.1%.

FX Implications

EUR/USD trades 0.2% higher to near 1.1635 during the European trading session on Thursday.

Euro Price Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.23%	-0.21%	-0.17%	-0.06%	-0.49%	-0.17%	-0.31%
EUR	0.23%		0.02%	0.05%	0.17%	-0.25%	0.06%	-0.08%
GBP	0.21%	-0.02%		0.04%	0.15%	-0.27%	0.04%	-0.10%
JPY	0.17%	-0.05%	-0.04%		0.09%	-0.32%	-0.04%	-0.15%
CAD	0.06%	-0.17%	-0.15%	-0.09%		-0.42%	-0.10%	-0.25%
AUD	0.49%	0.25%	0.27%	0.32%	0.42%		0.31%	0.21%
NZD	0.17%	-0.06%	-0.04%	0.04%	0.10%	-0.31%		-0.14%
CHF	0.31%	0.08%	0.10%	0.15%	0.25%	-0.21%	0.14%

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

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

AUD/USD consolidates above 0.7200 after hot Chinese CPI data

AUD/USD is extending its consolidative price action above 0.7200 during the Asian session on Wednesday, uninspired by hot Chinese CPI and PPI data. Meanwhile, rising RBA rate-hike bets act as a tailwind for the Aussie amid Yen-inspired US Dollar weakness. Traders await the release of US inflation figures later in the week for fresh impetus.

USD/JPY: Bearish impulse falters around 153.00

USD/JPY remains under pressure, down for the third consecutive day on Wednesday, and trading in levels last seen in mid-February near 153.00. Solid Japanese data earlier in the day seem to have reinforced expectations that the BoJ will continue normalising monetary policy, lending further support to the Yen.

Gold regains balance above $4,400

Gold rebounds on Wednesday, snapping a three-day losing streak and reclaiming the are beyond the key $4,400 mark per troy ounce. The precious metal’s bounce comes amid further selling pressure on the US Dollar and steady uncertainty on the geopolitical front.

XRP extends recovery as ETF inflows, futures interest stabilize

Ripple (XRP) ticks higher, trading at $1.42 on Wednesday while building on a recently confirmed support range between $1.30 and $1.35. The token also sits above major moving averages, reinforcing the bullish outlook. However, upside could remain capped unless the psychological barriers at $1.50 and $1.70 are cleared, paving the way for an extended recovery above $2.00.

Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight

The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.