German factory orders fell 5.8% in August, versus -2.0% expected

VaselineOctober 7, 2024

0 1 minute read

German factory orders fell 5.8% in August, versus -2.0% expected

German factory orders fell in August, according to official data released Monday by the Federal Statistics Office, suggesting that the German manufacturing sector has lost momentum for recovery.

Over the month, contracts for “Made in Germany” goods fell 5.8% in August after unexpectedly rebounding 3.9% in July. The data missed estimates of a 2.0% decline.

Industrial orders in Germany fell 3.9% in the year to August, down from a previous jump of 4.6%.

FX implications

Euro remains vulnerable after disappointing German data, as EUR/USD it is losing 0.11% on the day to trade near 1.0965 at the time of writing.

EURO PRICE Today

The table below shows the percentage change of the Euro (EUR) against the main listed currencies today. The euro was weakest against the Japanese yen.

	USD	EURO	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.05%	-0.00%	-0.18%	0.09%	-0.11%	0.02%	-0.09%
EURO	-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 heatmap shows the percentage changes of major currencies against each other. The base currency is chosen from the left column, while the quoted currency is chosen from the top row. For example, if you choose Euro from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will be EUR (base)/USD (quote).

VaselineOctober 7, 2024

0 1 minute read

FX implications

EURO PRICE Today

Vaseline

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