Euro Suffers from Falling Industrial Production

The euro was weak across the board today. Market analysts explained the currency’s poor performance by worse-than-expected industrial production in the eurozone.
Eurozone industrial production contracted 0.9% in December from the previous month after falling 1.7% in November. Analysts had expected a smaller decline by 0.4%. Industrial production in the whole European Union fell by 0.5%.
EUR/USD tumbled from 1.1324 to 1.1266 as of 21:12 GMT today. EUR/JPY was almost flat at 125.06, retreating from the daily high of 125.54.

If you have any questions, comments or opinions regarding the Euro,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 14 = seventeen