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Euro mixed after industrial producer data in the Eurozone

2019-11-05 11:48 am | Resource: News | No Views : 29

 Euro mixed after industrial producer data in the Eurozone

The euro was mixed against the major currencies on Tuesday after data showed industrial producer prices in the euro zone rose 0.1% in September from the previous month, according to estimates by Eurostat published on Tuesday. In the entire EU (of 28 countries). As for trade negotiations, the Financial Times reported that officials in the administration of President Donald Trump discussed the abolition of customs duties on Chinese imports worth 112 billion dollars in order to sign a partial trade agreement with the Beijing government.

 Euro zone producer prices rose 0.1% in September
  • Producer prices also rose 0.1% on a monthly basis. On a yearly basis, prices in the euro zone and the 28-nation EU fell 1.2% and 0.7% respectively.
  • Prices in the energy sector rose 0.5% and durable consumer prices rose 0.2% in the euro zone in September on a monthly basis.
  • Non-durable consumer prices rose 0.1% compared to August.
  • On the other hand, capital goods prices were stable and intermediate commodity prices fell 0.2%.

Among member countries, the largest monthly growth in industrial producer prices was recorded in Greece where prices rose 1.2%, while the largest decline was recorded in Latvia, where producer prices fell 1.3% on a monthly basis.

Euro Trading

• The euro fell 0.05% against the dollar to trade at 1.1121
• The euro fell against the pound by 0.24% to trade the euro pound 0.8618.
• EUR_JPY was up 0.12% to EURJPY at 121.023.
• The euro against the franc rose 0.12% to trade the euro franc at 1.1020 levels.
• EUR / AUD fell 0.55% to trade at 1.6075.


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