German Factory Orders rebound 0.2% MoM in February vs. 0.8% expected
Germany’s Factory Orders rebounded in February, according to the official data published by the Federal Statistics Office on Friday, suggesting that the German manufacturing sector is on track for a recovery.
Over the month, contracts for goods ‘Made in Germany’ rose 0.2%, recovering from an 11.4% slump reported in January, missing the estimates of 0.8%.
Germany’s Industrial Orders tumbled at an annual rate of 10.6% in the same period, compared with the previous decline of 6.2%.
FX implications
Weak German data keep the Euro depressed, as the EUR/USD pair tests lows near 1.0825 ahead of the US Nonfarm Payrolls data release. The pair is down 0.06% so far.
(This story was corrected on Friday at 06:03 GMT to say that "German Factory Orders rebound 0.2% MoM in February vs. 0.8% expected", not -11.3% expected)
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.08% | 0.11% | 0.14% | 0.17% | -0.12% | 0.25% | 0.03% | |
| EUR | -0.07% | 0.05% | 0.07% | 0.10% | -0.19% | 0.18% | -0.04% | |
| GBP | -0.11% | -0.03% | 0.03% | 0.06% | -0.22% | 0.14% | -0.08% | |
| CAD | -0.15% | -0.07% | -0.03% | 0.02% | -0.27% | 0.11% | -0.09% | |
| AUD | -0.16% | -0.08% | -0.05% | -0.01% | -0.28% | 0.09% | -0.14% | |
| JPY | 0.13% | 0.21% | 0.24% | 0.25% | 0.29% | 0.38% | 0.16% | |
| NZD | -0.26% | -0.17% | -0.14% | -0.10% | -0.08% | -0.37% | -0.23% | |
| CHF | -0.06% | 0.03% | 0.06% | 0.09% | 0.12% | -0.18% | 0.21% |
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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (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.
