{"id":350969,"date":"2024-07-24T13:19:49","date_gmt":"2024-07-24T07:49:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=350969"},"modified":"2024-07-24T13:19:49","modified_gmt":"2024-07-24T07:49:49","slug":"german-preliminary-manufacturing-pmi-declines-to-42-6-in-july-vs-44-0-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/german-preliminary-manufacturing-pmi-declines-to-42-6-in-july-vs-44-0-expected-crypto-news\/","title":{"rendered":"German Preliminary Manufacturing PMI declines to 42.6 in July vs. 44.0 expected &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Germany\u2019s Manufacturing PMI dropped\u00a0to 42.6 in July vs. 44.0 anticipated.<\/strong><\/li>\n<li><strong>Services PMI for the German economy fell\u00a0to 52.0 in July vs. 53.1 estimate.<\/strong><\/li>\n<li><strong>EUR\/USD falls further below 1.0850 after downbeat German PMIs.<\/strong><\/li>\n<\/ul>\n<p>The German manufacturing sector contraction unexpectedly deteriorated in July while the services sector also underperformed, the preliminary business activity report published by the HCOB survey showed Wednesday.<\/p>\n<p>The\u00a0HCOB\u00a0Manufacturing PMI\u00a0in the Eurozone\u2019s economic powerhouse came in at 42.6 this month, deteriorating from June\u2019s 43.5 while much below the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\">forecast<\/a> of 44.0. The measure reached the lowest level in three months.<\/p>\n<p>Meanwhile, Services\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\"><strong>PMI<\/strong><\/a>\u00a0fell from 53.1 in June to 52.0 in July, missing the market expectations of 53.1 in the reported period. The gauge hit a four-month bottom.<\/p>\n<p>The HCOB Preliminary German Composite Output Index came in at 48.7 in July vs. 50.7 anticipated\u00a0and 50.4 registered in June. The index was also at its weakest in four months.<\/p>\n<h2 class=\"fxs_headline_medium\">FX implications<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\"><strong>EUR\/USD<\/strong><\/a>\u00a0has come under fresh selling pressure on the disappointing German data, currently trading 0.15% lower on the day at 1.0835.<\/p>\n<div class=\"module_currencyprices_cke post-module\">\n<div class=\"fxs-major-currency-prices-wrapper\" data-config-asset=\"EUR\" data-config-criteria=\"Weakest\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-period=\"Today\" data-config-quotes=\"1.08539:1.08361,1.29075:1.28879,1.189185:1.1893,0.006428:0.00646,0.005921:0.005962,0.00498:0.005014,0.725425:0.725035,0.6683:0.669082,0.562:0.562555,112.877:112.2065,0.66147:0.66005,0.609509:0.609125,0.512505:0.512145,102.917:102.148,0.91185:0.91035,0.595665:0.593355,0.548785:0.547565,0.4615:0.46038,92.657:91.823,0.8212:0.81838,0.90042:0.898945,1.122064:1.123396,1.033779:1.036725,0.8692:0.87166,174.56:173.857,1.546555:1.549491,1.695985:1.70207,1.88354:1.893335\" data-config-topic=\"EUR\" data-content-module-translate=\"0\" data-module=\"currencyprices\" data-type=\"currencyprices\" data-version=\"v1\" id=\"content-module-currencyprices-EUR-316\">\n<h2 class=\"fxs-major-currency-prices-title\">Euro PRICE Today<\/h2>\n<p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.<\/p>\n<table border=\"1\" class=\"fxs-major-currency-prices-currency-prices-table\">\n<thead>\n<tr>\n<th>\u00a0<\/th>\n<th>USD<\/th>\n<th>EUR<\/th>\n<th>GBP<\/th>\n<th>JPY<\/th>\n<th>CAD<\/th>\n<th>AUD<\/th>\n<th>NZD<\/th>\n<th>CHF<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>USD<\/th>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.16%<\/td>\n<td class=\"light-green\">0.15%<\/td>\n<td class=\"light-red\">-0.50%<\/td>\n<td class=\"light-green\">0.05%<\/td>\n<td class=\"light-green\">0.22%<\/td>\n<td class=\"light-green\">0.39%<\/td>\n<td class=\"light-red\">-0.12%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>EUR<\/th>\n<td class=\"light-red\">-0.16%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-red\">-0.01%<\/td>\n<td class=\"light-red\">-0.69%<\/td>\n<td class=\"light-red\">-0.12%<\/td>\n<td class=\"light-green\">0.06%<\/td>\n<td class=\"light-green\">0.22%<\/td>\n<td class=\"light-red\">-0.28%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>GBP<\/th>\n<td class=\"light-red\">-0.15%<\/td>\n<td class=\"gray\">0.00%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-red\">-0.68%<\/td>\n<td class=\"light-red\">-0.10%<\/td>\n<td class=\"light-green\">0.07%<\/td>\n<td class=\"light-green\">0.24%<\/td>\n<td class=\"light-red\">-0.28%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>JPY<\/th>\n<td class=\"light-green\">0.50%<\/td>\n<td class=\"light-green\">0.69%<\/td>\n<td class=\"light-green\">0.68%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.60%<\/td>\n<td class=\"light-green\">0.75%<\/td>\n<td class=\"dark-green\">0.91%<\/td>\n<td class=\"light-green\">0.40%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>CAD<\/th>\n<td class=\"light-red\">-0.05%<\/td>\n<td class=\"light-green\">0.12%<\/td>\n<td class=\"light-green\">0.10%<\/td>\n<td class=\"light-red\">-0.60%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.16%<\/td>\n<td class=\"light-green\">0.34%<\/td>\n<td class=\"light-red\">-0.19%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>AUD<\/th>\n<td class=\"light-red\">-0.22%<\/td>\n<td class=\"light-red\">-0.06%<\/td>\n<td class=\"light-red\">-0.07%<\/td>\n<td class=\"light-red\">-0.75%<\/td>\n<td class=\"light-red\">-0.16%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.16%<\/td>\n<td class=\"light-red\">-0.36%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>NZD<\/th>\n<td class=\"light-red\">-0.39%<\/td>\n<td class=\"light-red\">-0.22%<\/td>\n<td class=\"light-red\">-0.24%<\/td>\n<td class=\"strong-red\">-0.91%<\/td>\n<td class=\"light-red\">-0.34%<\/td>\n<td class=\"light-red\">-0.16%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-red\">-0.52%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>CHF<\/th>\n<td class=\"light-green\">0.12%<\/td>\n<td class=\"light-green\">0.28%<\/td>\n<td class=\"light-green\">0.28%<\/td>\n<td class=\"light-red\">-0.40%<\/td>\n<td class=\"light-green\">0.19%<\/td>\n<td class=\"light-green\">0.36%<\/td>\n<td class=\"light-green\">0.52%<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)\/USD (quote).<\/p>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Germany\u2019s Manufacturing PMI dropped\u00a0to 42.6 in July vs. 44.0 anticipated. Services PMI for the German economy fell\u00a0to 52.0 in July vs. 53.1 estimate. EUR\/USD falls further below 1.0850 after downbeat German PMIs. The German manufacturing sector contraction unexpectedly deteriorated in July while the services sector also underperformed, the preliminary business activity report published by the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":252053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,843,433,728,255,250,1064,252,1063,247,253,249,256,254],"class_list":["post-350969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-economicindicator","tag-eurusd","tag-germany","tag-gta","tag-looks-rare","tag-manufacturing","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/350969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=350969"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/350969\/revisions"}],"predecessor-version":[{"id":350973,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/350969\/revisions\/350973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/252053"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=350969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=350969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=350969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}