Foreign Exchange Market Update

December 5, 2025

Eurozone

Euro traded at 1.1633 against USD at 9:00 AM PST

Germany's factory orders increased more in October due to robust domestic demand. Factory orders logged a monthly growth of 1.5%. However, the pace of growth softened from the revised 2.0% rise posted in September. Yearly, factory orders dropped 0.7%, following a 3.4% decrease in September. Excluding volatile large-scale orders, new orders were 0.5% higher than in the previous month.

The monthly growth was driven by the 9.9% expansion in domestic orders. Foreign orders decreased 4.0% due to the 6.5% drop in orders from outside the euro area. Demand from the Eurozone was up 0.1%.

There was a strong 87.1% increase in orders in the "manufacture of other transport equipment" sector. The increase in the manufacture of basic metals came in at 11.9%, while the manufacture of electrical equipment plunged 16.2%. New orders for capital goods advanced 4.9%. On the other hand, orders for intermediate goods declined 3.4% and those for consumer goods dropped 2.2%.

Real manufacturing turnover increased 0.3% in October, reversing September's 2.4% decrease. Year-on-year, manufacturing turnover dropped 1.6%. 12/05/2025 - 03:08:00 (RTTNews)

Spain's industrial production grew at the slowest pace in six months in October. Industrial production registered an annual growth of 1.2% in October, weaker than the 1.5% rise in September. Further, this was the slowest rate of expansion since April, when production had risen only 0.7%. On an unadjusted basis, industrial output growth also moderated to 1.6% from 4.2% a month ago.

Within the main industrial grouping, production of energy showed the biggest adjusted growth of 3.6%, followed by intermediate goods, which grew 1.2%. Consumer goods output was up 0.9%, while capital goods posted an annual fall of 1.0%. Month-on-month, industrial output grew 0.7% in October, following a 0.3% rise in September. 12/05/2025 - 08:36:00 (RTTNews)

France’s industrial production grew at a slower pace in October as weak machinery and equipment output dragged the manufacturing sector. Industrial output gained 0.2% from September, weaker than September's 0.7% expansion. At the same time, manufacturing output slid 0.1% after a 0.9% expansion.

Output fell back in the manufacturing of machinery and equipment goods by 2.2%. On the contrary, the manufacture of coke and refined petroleum products advanced 3.6%. In mining and quarrying, energy, water supply, and output increased 1.8%, after remaining stable in September. Industrial output showed signs of slowing in October, pointing to a more moderate contribution to GDP growth at year-end. 12/05/2025 - 06:39:00 (RTTNews)

Italy's retail sales increased for the first time in three months in October. The sales value rose 0.5% monthly in October, reversing a 0.4% fall in the previous month. The retail sale value of food products and non-food items increased by 0.5% and 0.4%, respectively, compared to last month. Annually, retail sales growth improved to 1.3% in October from 0.7% in September. 12/05/2025 - 04:39:00 (RTTNews)

Taiwan Inflation Eases to 1.23%, Lowest Since March 2021

Taiwan's consumer price inflation moderated in November to the lowest level in more than four-and-a-half years. The consumer price index climbed 1.23% year-on-year in November, slower than the 1.47% rise in October. Moreover, this was the lowest inflation since March 2021 and remained below the central bank's target of 2.0% for the seventh straight month.

Food inflation moderated to 1.48% from 2.0%, and that of housing slowed to 1.86% from 2.0%. Monthly, consumer prices edged up a seasonally adjusted 0.09% in November versus a 0.25% increase in the prior month. Producer prices dropped 2.80% annually in November after a 3.24% fall a month ago. 12/05/2025 - 04:05:00 (RTTNews)