Germany has published industrial production data that has influenced the movements of EURUSD in trading on Monday (September 8, 2025).
The report for July showed a rise in industrial production of 1.3% month-on-month (MoM), surpassing the forecast from Trading Central of 1.1% MoM, and a significant improvement compared to a decline of -1.9% MoM in the previous month.
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Following the release, EURUSD experienced volatility around the 1.17150 mark.
This upturn in industrial production may contribute positively to the sentiment surrounding EURUSD. The currency pair witnessed a sharp rise last Friday as the US dollar faced downward pressure after the announcement of labor market data from the United States.
Employment growth outside the agricultural sector (non-farm payrolls/NFP) for August was reported at just 22,000 jobs, falling well short of the forecast from Trading Central of 75,000 jobs. Moreover, the NFP figure for June was revised to -13,000 jobs, marking the first contraction since 2020.
For four consecutive months, NFP figures have remained significantly below 100,000, a threshold generally considered indicative of a healthy labor market. The NFP report has further confirmed a cooling trend in the US job market, especially as the unemployment rate rose to 4.3%, the highest level since October 2021.
In light of these developments, market participants are growing increasingly confident that the Federal Reserve will implement two rate cuts for the remainder of the year. Consequently, the US dollar has weakened, creating a favorable sentiment for EURUSD.
