Foreign Exchange Market Update

February 6, 2026

Eurozone

Euro traded at 1.1814 against USD at 9:00 AM PST

Germany's industrial production declined in December, while exports rebounded on increased shipments to the U.S. and China. Industrial output decreased 1.9% month-on-month in December, reversing a 0.2% rise in November. This was much bigger than the fall of 0.2% and marked the first decline in four months.

Annually, industrial production dropped 0.6%, in contrast to the 0.5% increase in November. Excluding energy and construction, industrial production fell 3.0% in December compared to November. Consumer goods production grew 0.5%, while production of capital and intermediate goods fell 5.3% and 1.2%. Energy production was down 1.8%. On the other hand, construction output increased 3.0%.

In the full year of 2025, production in the manufacturing sector was 1.1% lower than in the previous year. Exports logged a monthly growth of 4.0% in December after falling 2.5% in November. At the same time, the increase in imports doubled to 1.4% from 0.7% in November. As a result, the trade surplus rose to EUR 17.1 billion from EUR 13.6 billion in November. Year-on-year, exports advanced 6.0%, and imports surged 8.4% in December. 02/06/2026 - 06:13:00 (RTTNews)

France's foreign trade deficit increased in December as imports grew faster than exports. The trade deficit rose to EUR 4.8 billion in December from EUR 4.0 billion in the previous month. In the same month last year, the deficit was EUR 3.9 billion. Exports posted a monthly increase of 1.7% in December, and imports showed a comparatively faster growth of 3.0%. Year-on-year, exports and imports rose by 4.4% and 0.3%, respectively. 02/06/2026 - 05:52:00 (RTTNews)

Spain's industrial production declined for the first time in ten months in December. Industrial production dropped by adjusted 0.3% year-on-year in December, in contrast to the 4.6% rise in November. This was the first drop since February. The increases in energy and consumer goods output were offset by declines in capital and intermediate goods production.

Energy production expanded 3.9%, and consumer goods output climbed 0.8%. However, production of capital goods and intermediate goods slid 0.8% and 1.6%. On an unadjusted basis, industrial production advanced 2.8% after rising 2.2% in November.

Month-on-month, industrial output dropped 2.5% in December, marking the first fall in four months. Production had increased 1.1% in November, which was the strongest in 11 months. 02/06/2026 - 05:09:00 (RTTNews)

Switzerland Jobless Rate Rises to 3.2%, Highest Since April 2021

Switzerland's unemployment rate increased in January to the highest level in just over four-and-a-half years. The unadjusted unemployment rate came in at 3.2% in January, up slightly from 3.1% in December. Moreover, the latest jobless rate was the highest since April 2021, when it was 3.3%. In the corresponding month last year, the jobless rate was 2.8%.

The number of registered unemployed people increased to 152,280 in January from 147,275 in the prior month. The youth unemployment rate, which applies to the 15-24 age group, rose to 3.2% from 3.1%. The seasonally adjusted jobless rate dropped to 2.9% from 3.0%. 02/06/2026 - 04:23:00 (RTTNews)