Germany’s industrial sector remained in contraction in April, the latest data released by Destatis showed on Friday.
Industrial production in the Eurozone’s main economy decreased by 0.1% monthly, according to the federal statistics authority Destatis in figures adjusted for seasonal and calendar effects, compared to the expected +0.3% and a decrease of 0.4 % in March.
The German industrial production fell at an annual rate of 3.9% in April compared to the 3.3% drop in March.
EUR/USD reaction to German industrial production data
The discouraging figures of the German industry had no impact on the Eurosince the EUR/USD is flat on the day at 1.0890 at press time.
PRICE of the Euro today
The following table shows the percentage change of the Euro (EUR) against the main currencies listed today. The Euro was stronger 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 the percentage changes of the major currencies against each other. The base currency is chosen from the left column, while the quote currency is chosen 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.
