German Factory Orders jump 3.6% MoM in March vs. 1.3% expected
The official data published by the Federal Statistics Office showed Wednesday that Germany's Factory Orders jumped more than expected in March, suggesting that the country’s manufacturing sector has picked up momentum.
Over the month, contracts for goods ‘Made in Germany’ rose 3.6% in March after reporting no growth in February. Data beat the estimates of 1.3%.
Germany’s Industrial Orders climbed 3.8% year-over-year (YoY) in March, compared with the previous decline of 0.2%.
FX implications
The Euro is unfazed by the strong German data, with EUR/USD still trading modestly flat on the day at 1.1362, as of writing.
(This story was corrected on May 7 at 06:23 GMT to say that 'The official data published by the Federal Statistics Office showed Wednesday,' not Friday.)
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.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.09% | 0.46% | 0.10% | 0.15% | -0.00% | 0.34% | |
| EUR | -0.07% | 0.02% | 0.42% | 0.03% | 0.08% | -0.07% | 0.28% | |
| GBP | -0.09% | -0.02% | 0.38% | 0.02% | 0.06% | -0.09% | 0.26% | |
| JPY | -0.46% | -0.42% | -0.38% | -0.36% | -0.32% | -0.42% | -0.09% | |
| CAD | -0.10% | -0.03% | -0.02% | 0.36% | 0.06% | -0.10% | 0.24% | |
| AUD | -0.15% | -0.08% | -0.06% | 0.32% | -0.06% | -0.15% | 0.19% | |
| NZD | 0.00% | 0.07% | 0.09% | 0.42% | 0.10% | 0.15% | 0.35% | |
| CHF | -0.34% | -0.28% | -0.26% | 0.09% | -0.24% | -0.19% | -0.35% |
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).
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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.
