Germany's industrial output unexpectedly jumped by 1.5% in November, defying expectations and reversing the previous month's decline. However, the positive data had a muted impact on the Euro, which continued to trade lower against the US Dollar.
Germany 's industrial sector saw a significant rebound in November, according to Destatis data released on Thursday. Industrial output surged by 1.5% month-on-month (MoM), exceeding the anticipated 0.5% increase and reversing October's 1.0% decline. Year-on-year (YoY), German industrial production contracted by 2.8% in November, compared to October's revised -4.2%. The positive German data, however, failed to bolster the Euro , with EUR/USD trading 0.15% lower at 1.0300.
The table below illustrates the percentage change of the Euro (EUR) against major currencies today. The Euro weakened most against the Japanese Yen. The heat map visualizes the percentage changes of major currencies against each other. The base currency is selected from the left column, while the quote currency is chosen from the top row. For instance, selecting the Euro from the left column and moving horizontally to the US Dollar reveals the percentage change in EUR (base)/USD (quote)
GERMANY INDUSTRIAL PRODUCTION EURO ECONOMY CURRENCY
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