The euro weakened against major currencies after Germany’s industrial production data fell short of expectations. The report indicated a slowdown in manufacturing activity, prompting worries about the overall health of the German economy, a key driver of Eurozone growth.

The unexpected decline in German industrial output has led to increased speculation about potential further monetary easing measures from the European Central Bank (ECB). Analysts suggest that sustained weakness in the German economy could pressure the ECB to maintain its current stimulus program or even consider additional interventions.

Key Factors Contributing to the Euro’s Weakness:

• Disappointing German industrial production data
• Concerns about Eurozone economic growth
• Speculation about further ECB monetary easing

Market participants are closely monitoring upcoming economic releases from the Eurozone to gauge the extent of the slowdown and its potential impact on the euro’s trajectory. The currency’s near-term outlook remains uncertain, with its performance heavily reliant on incoming economic data and policy decisions from the ECB.