German Industrial Production drops 0.1% MoM in April vs. 0.3% expected
Germany’s industrial sector remained in contraction in April, the latest data published by Destatis showed on Friday.
Industrial output in the Eurozone’s top economy declined 0.1% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against the 0.3% expected and a 0.4% decrease in March.
German Industrial Production fell at an annual rate of 3.9% in April versus the March drop of 3.3%.
EUR/USD reaction to the German Industrial Production data
The downbeat German industrial figures failed to have any impact on the Euro, as EUR/USD trades flat on the day at 1.0890 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 New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.01% | 0.02% | -0.25% | -0.00% | -0.12% | -0.01% | -0.01% | |
| EUR | -0.01% | 0.02% | -0.29% | -0.01% | -0.12% | 0.04% | -0.02% | |
| GBP | -0.02% | -0.02% | -0.30% | -0.04% | -0.14% | 0.02% | -0.05% | |
| JPY | 0.25% | 0.29% | 0.30% | 0.26% | 0.13% | 0.26% | 0.26% | |
| CAD | 0.00% | 0.00% | 0.04% | -0.26% | -0.12% | 0.06% | -0.01% | |
| AUD | 0.12% | 0.12% | 0.14% | -0.13% | 0.12% | 0.16% | 0.10% | |
| NZD | 0.00% | -0.04% | -0.02% | -0.26% | -0.06% | -0.16% | -0.06% | |
| CHF | 0.01% | 0.02% | 0.05% | -0.26% | 0.01% | -0.10% | 0.06% |
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.
