- Germany’s manufacturing PMI rose to 49 in June compared to 49 forecast.
- The PMI of services for the German economy improved 49.4 in June compared to the estimate of 47.5.
- The EUR/USD keeps red about 1,1500 after the Mixed German PMIs.
The contraction of the manufacturing and services sectors of Germany was slowed in June, according to the preliminary business activity report published by the HCOB survey on Monday.
The HCob manufacturing PMI in the main eurozone economy improved 49 this month, compared to May 48.3, aligning with the expected reading of 49. The index reached a maximum of 34 months.
Meanwhile, the PMI Services jumped at 49.4 in June from 47.1 in May. The market forecast was 47.5 in the reported period. The measure reached a peak of three months.
The HCOB preliminary production compound index in 50.4 in June compared to 48.5 in May and 49 expected. The indicator was at its highest level in three months.
Implications for FX
The EUR/USD maintains the tone offered intact after the mixed German data, lowering 0.18% in the day to 1,1500 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 euro.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.36% | -0.28% | 0.29% | 0.02% | 0.09% | 0.28% | -0.02% | |
| EUR | 0.36% | 0.05% | 0.71% | 0.39% | 0.41% | 0.65% | 0.31% | |
| GBP | 0.28% | -0.05% | 0.69% | 0.34% | 0.36% | 0.60% | 0.26% | |
| JPY | -0.29% | -0.71% | -0.69% | -0.31% | -0.25% | 0.03% | -0.40% | |
| CAD | -0.02% | -0.39% | -0.34% | 0.31% | 0.11% | 0.26% | -0.08% | |
| Aud | -0.09% | -0.41% | -0.36% | 0.25% | -0.11% | 0.22% | -0.10% | |
| NZD | -0.28% | -0.65% | -0.60% | -0.03% | -0.26% | -0.22% | -0.34% | |
| CHF | 0.02% | -0.31% | -0.26% | 0.40% | 0.08% | 0.10% | 0.34% |
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.
