Change – The euro increases according to economic data – Economy

Negative wage developments in the United States and Germany's strong industrial data supported the euro.

Weak wages in the United States supported the euro exchange rate on Friday. The European common currency is trading at $ 1.1740 in the evening after $ 1.1690 the day before. In the United States, the evolution of wages did not meet expectations despite the strength of employment. In June, average hourly wages increased 0.2% mom. Financial markets are particularly sensitive to wage developments as they are closely monitored by the US Federal Reserve. Overall, the US labor market is in good shape, economists say. In May, for example, the number of employees increased even more than expected.

Already in the morning, the euro had increased somewhat after strong industrial data from Germany. The manufacturing sector of the largest economy in the euro area unexpectedly increased total output in May.