- Germany’s manufacturing PMI fell to 48 in April compared to 47.6 planned.
- The PMI of services for the German economy fell to 48.8 in April compared to 50.2 estimated.
- The EUR/USD maintains the losses about 1,1400 after the Mixed German PMIs.
Hcob’s manufacturing PMI in the main economy of the Eurozone fell to 48 this month, compared to March 48.3, exceeding the estimate of 47.6. The measure stood at a minimum of two months.
Meanwhile, the PMI Services contracted 48.8 in April from 50.9 in March. The market previous A 50.2 fact in the reported period. The indicator reached a minimum of 14 months.
Hcob’s preliminary compound index of Germany production reached 49.7 in April compared to 51.3 in March and 50.4 expected. The index was at its lowest level in four months.
Implications for FX
The EUR/USD is not affected by the mixed data in Germany, lowering 0.12% in the day to 1,1403 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 Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.14% | 0.05% | 0.10% | 0.02% | -0.82% | -0.38% | 0.27% | |
| EUR | -0.14% | -0.10% | -0.03% | -0.13% | -0.90% | -0.52% | 0.12% | |
| GBP | -0.05% | 0.10% | 0.08% | -0.03% | -0.81% | -0.43% | 0.24% | |
| JPY | -0.10% | 0.03% | -0.08% | -0.11% | -0.82% | -0.51% | 0.17% | |
| CAD | -0.02% | 0.13% | 0.03% | 0.11% | -0.73% | -0.38% | 0.27% | |
| Aud | 0.82% | 0.90% | 0.81% | 0.82% | 0.73% | 0.40% | 1.03% | |
| NZD | 0.38% | 0.52% | 0.43% | 0.51% | 0.38% | -0.40% | 0.68% | |
| CHF | -0.27% | -0.12% | -0.24% | -0.17% | -0.27% | -1.03% | -0.68% |
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.
