- Analytics
- News and Tools
- Market News
- German Factory Orders plunge 5.8% MoM in August vs. -2.0% expected
German Factory Orders plunge 5.8% MoM in August vs. -2.0% expected
Germany’s Factory Orders slumped in August, according to the official data published by the Federal Statistics Office on Monday, suggesting that the German manufacturing sector lost its recovery momentum.
Over the month, contracts for goods ‘Made in Germany’ declined by 5.8% in August after unexpectedly rebounding 3.9% in July. Data missed the estimates of a 2.0% drop.
Germany’s Industrial Orders fell 3.9% in the year through August, as against the previous jump of 4.6%.
FX implications
The Euro remains vulnerable after the disappointing German data, as the EUR/USD loses 0.11% on the day to trade near 1.0965, as 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 | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05% | -0.00% | -0.18% | 0.09% | -0.11% | 0.02% | -0.09% | |
| EUR | -0.05% | 0.02% | -0.21% | 0.07% | -0.18% | -0.03% | -0.15% | |
| GBP | 0.00% | -0.02% | -0.27% | 0.07% | -0.19% | -0.01% | -0.04% | |
| JPY | 0.18% | 0.21% | 0.27% | 0.26% | 0.05% | 0.14% | 0.15% | |
| CAD | -0.09% | -0.07% | -0.07% | -0.26% | -0.17% | -0.07% | -0.16% | |
| AUD | 0.11% | 0.18% | 0.19% | -0.05% | 0.17% | 0.19% | 0.05% | |
| NZD | -0.02% | 0.03% | 0.01% | -0.14% | 0.07% | -0.19% | -0.06% | |
| CHF | 0.09% | 0.15% | 0.04% | -0.15% | 0.16% | -0.05% | 0.06% |
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 US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
