Germany’s factory orders rebounded in September, according to official data released by the Federal Statistics Office on Monday, suggesting that the German manufacturing sector’s recovery is back on track.
During the month, contracts for ‘Made in Germany’ goods rose 4.2% in September after the revised 5.4% drop reported in August. The data exceeded estimates of a 1.5% increase.
Germany’s industrial orders rose 1.0% in the year to September, against a previous drop of 3.4.
Implications on the foreign exchange market
The Euro has found some support in the strong German data, as the EUR/USD trims losses to trade near 1.0740, at the time of writing. The pair is still down 1.75% on the day due to the possible presidency of Republican candidate Donald Trump.
Euro PRICE Today
The table below shows the percentage change of the Euro (EUR) against the main currencies today. Euro was the weakest currency against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.73% | 1.19% | 1.68% | 0.55% | 1.40% | 1.08% | 1.10% | |
| EUR | -1.73% | -0.52% | -0.12% | -1.16% | -0.32% | -0.64% | -0.61% | |
| GBP | -1.19% | 0.52% | 0.40% | -0.64% | 0.20% | -0.12% | -0.09% | |
| JPY | -1.68% | 0.12% | -0.40% | -1.05% | -0.22% | -0.55% | -0.51% | |
| CAD | -0.55% | 1.16% | 0.64% | 1.05% | 0.84% | 0.52% | 0.54% | |
| AUD | -1.40% | 0.32% | -0.20% | 0.22% | -0.84% | -0.32% | -0.28% | |
| NZD | -1.08% | 0.64% | 0.12% | 0.55% | -0.52% | 0.32% | 0.02% | |
| CHF | -1.10% | 0.61% | 0.09% | 0.51% | -0.54% | 0.28% | -0.02% |
The heat map shows percentage changes for major currencies. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you choose the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will represent EUR (base)/USD (quote).
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.
