The German factory orders increased unexpectedly in April, which suggests that the country’s manufacturing sector maintained its recovery, according to the official data published by the Federal Statistics Office on Thursday.
During the month, assets ‘made in Germany’ rose 0.6% in April after bouncing 3.4% reviewed in March. The data exceeded -1%estimates.
The industrial orders of Germany increased 4.8% year -on -year (yoy) in April, compared to the previous revised growth of 3.7%.
Implications for FX
The euro (EUR) moves little to the German data, with EUR/USD quoting 0.07% down in the day to 1,1410, at the time of writing.
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the weakest currency 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 the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
