German Industrial Production rebounds 2% MoM in January vs. 1.5% expected
Germany’s industrial sector witnessed an impressive upturn in January, according to the latest data published by Destatis on Monday.
In the Eurozone’s economic powerhouse, Industrial Output jumped 2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the anticipated 1.5% advance and a revised 1.5% decline in December.
German Industrial Production dropped 1.6% year-over-year (YoY) in January versus December’s -2.2% revision.
Separately, Germany’s Trade Balance for January came in at EUR16 billion versus EUR21 billion expected and EUR20.7 billion previous.
EUR/USD reaction to the German Industrial Production data
EUR/USD remains unimpressed by mixed German data, trading modestly flat on the day at 1.0835 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 weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | 0.00% | -0.13% | -0.04% | -0.24% | -0.17% | -0.16% | |
| EUR | 0.06% | 0.03% | -0.08% | 0.02% | -0.09% | -0.13% | -0.22% | |
| GBP | -0.01% | -0.03% | -0.17% | -0.03% | -0.12% | -0.21% | -0.18% | |
| JPY | 0.13% | 0.08% | 0.17% | 0.08% | -0.06% | -0.12% | 0.04% | |
| CAD | 0.04% | -0.02% | 0.03% | -0.08% | -0.25% | -0.12% | -0.15% | |
| AUD | 0.24% | 0.09% | 0.12% | 0.06% | 0.25% | -0.04% | -0.07% | |
| NZD | 0.17% | 0.13% | 0.21% | 0.12% | 0.12% | 0.04% | 0.08% | |
| CHF | 0.16% | 0.22% | 0.18% | -0.04% | 0.15% | 0.07% | -0.08% |
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.
