The Eurozone Industrial Production increased unexpectedly in June, according to official statistics released on Wednesday, indicating that the industrial sector’s recovery is on pace.
Eurozone industrial output increased 0.5% month on month, according to Eurostat, compared to -0.1% predicted and 0% in the prior figure.
Annual Industrial Production in the EU fell 1.2% in June, compared to a 2.5% loss in May and a 4.2% reduction expected.
EURUSD movement on Eurozone
The mixed German industrial data have no effect on the common currency. The EURUSD is currently trading at about 1.0930, up 0.22% for the day.
In the European session on Wednesday, the EURUSD is aiming for 1.0950. Mixed Eurozone GDP, employment, and industrial production figures do not excite the Euro. Which is benefiting from a wide US Dollar decline. US housing data and Fed Minutes are being scrutinized.
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