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- German Preliminary Manufacturing PMI improves to 43.1 in December vs. 43.2 expected
German Preliminary Manufacturing PMI improves to 43.1 in December vs. 43.2 expected
- Germany’s Manufacturing PMI rose to 43.1 in December vs. the estimated 43.2 figure.
- Services PMI for the German economy dropped to 48.4 in December vs. 49.8 expected.
- EUR/USD extends losses below 1.0950 after downbeat German PMIs.
Germany’s manufacturing sector downturn eased slightly in December while the services sector suffered, according to the preliminary business activity report from the HCOB survey published on Friday.
The HCOB Manufacturing PMI in the Eurozone’s economic powerhouse rose to 43.1 this month, as against the 43.2 forecast and November’s 42.6. The index hit the highest level in seven months.
Meanwhile, Services PMI unexpectedly dropped from 49.6 in November to 48.4 in December. The market consensus was 49.8 in the reported period. The measure reached a fresh two-month low.
The HCOB Preliminary German Composite Output Index arrived at 46.7 in December vs. 48.2 expected and 47.8 previous reading. The gauge clinched a two-month low.
FX implications
EUR/USD saw a fresh leg down on the downbeat German data. The pair is trading 0.36% lower on the day at 1.0947, at the time of writing.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.32% | 0.15% | -0.20% | -0.12% | -0.31% | -0.09% | 0.05% | |
| EUR | -0.33% | -0.18% | -0.53% | -0.44% | -0.63% | -0.43% | -0.28% | |
| GBP | -0.14% | 0.18% | -0.35% | -0.27% | -0.45% | -0.25% | -0.10% | |
| CAD | 0.19% | 0.53% | 0.34% | 0.08% | -0.09% | 0.10% | 0.26% | |
| AUD | 0.12% | 0.44% | 0.27% | -0.09% | -0.18% | 0.01% | 0.17% | |
| JPY | 0.32% | 0.61% | 0.43% | 0.08% | 0.21% | 0.15% | 0.35% | |
| NZD | 0.13% | 0.40% | 0.21% | -0.14% | -0.04% | -0.26% | 0.15% | |
| CHF | -0.06% | 0.27% | 0.09% | -0.26% | -0.17% | -0.35% | -0.16% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
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