{"id":83198,"date":"2019-12-05T04:08:26","date_gmt":"2019-12-05T09:08:26","guid":{"rendered":"https:\/\/currencylive.com\/?p=83198"},"modified":"2020-07-01T04:03:45","modified_gmt":"2020-07-01T08:03:45","slug":"101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\/","title":{"rendered":"EUR\/USD: Euro Stays Sub $1.11 Post Weak German Factory Orders"},"content":{"rendered":"

The euro US dollar<\/a> exchange rate experience a volatile session on Wednesday. The euro rallied to a high of US$1.1114, its highest level in a month. However, it was unable to maintain the gains, slipping back to the flat line to close. The pair closed at US$1.1083 the same level that it had started the session at. The euro is edging cautiously higher on Thursday, although remains below the key US$1.11 mark.<\/p>\n

The euro struggled to hold onto dollar inspired gains in the previous session, thanks in part to eurozone pmi data which, in some areas fell short of analyst\u2019s expectations. Whilst the German service sector pmi beat forecasts the French figure disappointed investors. Today German factory orders also came in weaker than forecast.<\/p>\n

Recent eurozone data has been broadly encouraging, offering evidence that the slowdown in the eurozone economy could be stabilising. However, yesterday\u2019s service sector numbers and today\u2019s factory orders are reminding investors that there is still lingering weakness in the bloc\u2019s economy.<\/p>\n

Macro-economic data for the region will remain in focus today as euro investors look towards a slew of eurozone data due to be released. These include high impacting data such as the eurozone GDP, retail sales and unemployment. Should the data point to the continued stabilising of the eurozone economy, the euro could receive a boost.<\/p>\n

Will US Data Continue To Disappoint?<\/strong><\/h3>\n

The dollar weekend sharply in the previous session, on weak macroeconomic stats before recovering on improved optimism of a trade deal between the US and China.<\/p>\n

Both US ADP private payroll numbers and ISM non-manufacturing figures missed expectations on Wednesday. The soft readings come following disappointing manufacturing data earlier in the week. A trio of poor readings unnerved US dollar investors, raising concerns that the ongoing US \u2014 China trade dispute could be having a more severe impact on the US economy than originally thought. This caused the dollar to weaken.<\/p>\n

Trade remains a key theme. Reports that the US and China are moving closer to a phase one trade deal and were discussing the rolling back of some tariffs, boosted hope that a deal could still be salvaged.<\/p>\n

Today attention will remain on trade. Investors will also look towards a string of high impacting data releases including factory orders, trade balance and jobless claims ahead of Friday\u2019s non-farm payroll.<\/p>\n\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n
What do these figures mean?<\/strong><\/td>\n<\/tr>\n
When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute.<\/p>\n

For example, it could be written:<\/p>\n

1 EUR = 1.12829 USD<\/em><\/p>\n

Here, \u20ac1 is equivalent to approximately $1.13. This specifically measures the euro\u2019s worth against the dollar. If the U.S. dollar amount increases in this pairing, it\u2019s positive for the euro.<\/p>\n

Or, if you were looking at it the other way around:<\/p>\n

1 USD = 0.88789 EUR<\/em><\/p>\n

In this example, $1 is equivalent to approximately \u20ac0.89. This measures the U.S. dollar\u2019s worth versus the euro. If the euro number gets larger, it\u2019s good news for the dollar.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The euro US dollar exchange rate experience a volatile session on Wednesday. The euro rallied to a high of US$1.1114, its highest level in a month. However, it was unable to maintain the gains, slipping back to the flat line to close. The pair closed at US$1.1083 the same level that it had started the […]<\/p>\n","protected":false},"author":163946597,"featured_media":4205,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,1393,1601,1409,1424,1536,1415,1479,1431,1400,1397,1398],"class_list":{"0":"post-83198","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-euro","11":"tag-factory-orders","12":"tag-gdp","13":"tag-german-recession","14":"tag-jobless-claims","15":"tag-trade-dispute","16":"tag-trade-talks","17":"tag-trade-war","18":"tag-trump","19":"tag-us-dollar","20":"tag-usd"},"acf":[],"yoast_head":"\nEUR\/USD: Euro Stays Sub $1.11 Post Weak German Factory Orders - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Stays Sub $1.11 Post Weak German Factory Orders\",\"datePublished\":\"2019-12-05T09:08:26+00:00\",\"dateModified\":\"2020-07-01T08:03:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\\\/\"},\"wordCount\":768,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100290-gbp-usd-manufacturing-pmi.jpg\",\"keywords\":[\"eur\",\"euro\",\"factory orders\",\"gdp\",\"german recession\",\"jobless claims\",\"trade dispute\",\"trade talks\",\"trade war\",\"trump\",\"us dollar\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101692-eur-usd-euro-stays-sub-1-11-post-weak-german-factory-orders\\\/\",\"name\":\"EUR\\\/USD: Euro Stays Sub $1.11 Post Weak German Factory Orders - 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