German Factory Orders rise 0.6% MoM in April vs. -1% expected
Germany's Factory Orders unexpectedly rose in April, suggesting that the country’s manufacturing sector sustained its recovery, according to the official data published by the Federal Statistics Office on Thursday.
Over the month, contracts for goods ‘Made in Germany’ ticked up 0.6% in April after rebounding by a revised 3.4% in March. Data beat the estimates of -1%.
Germany’s Industrial Orders rose 4.8% year-over-year (YoY) in April, compared with the previous revised growth of 3.7%.
FX implications
The Euro (EUR) is little moved by the German data, with EUR/USD trading 0.07% lower on the day at 1.1410, as of writing.
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 | 0.09% | 0.05% | 0.23% | 0.02% | 0.00% | 0.03% | 0.09% | |
| EUR | -0.09% | 0.00% | 0.15% | -0.04% | -0.07% | -0.12% | 0.01% | |
| GBP | -0.05% | -0.01% | 0.17% | -0.05% | -0.06% | -0.13% | 0.00% | |
| JPY | -0.23% | -0.15% | -0.17% | -0.24% | -0.28% | -0.30% | -0.16% | |
| CAD | -0.02% | 0.04% | 0.05% | 0.24% | -0.04% | -0.08% | 0.06% | |
| AUD | -0.01% | 0.07% | 0.06% | 0.28% | 0.04% | -0.07% | 0.08% | |
| NZD | -0.03% | 0.12% | 0.13% | 0.30% | 0.08% | 0.07% | 0.15% | |
| CHF | -0.09% | -0.01% | -0.00% | 0.16% | -0.06% | -0.08% | -0.15% |
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.
