Foreign Exchange Market Update

November 24, 2025

German Business Sentiment Weakens

Euro traded at 1.1522 against USD at 9:00 AM PST

German business confidence weakened in November as companies became more pessimistic about their outlook, despite unprecedented fiscal policy. The business climate index fell to 88.1 in November from 88.4 in October. Companies assessed their current situation as somewhat more positive, while they were more skeptical about the months ahead. Companies have little faith that a recovery is coming anytime soon.

The current situation indicator posted 85.6 in November, up from 85.3 in the previous month. On the other hand, the expectations index dropped more to 90.6 from 91.6 a month ago.

In manufacturing, business confidence deteriorated in November. Companies are more skeptical about the months ahead. However, current business conditions were slightly better. In the service sector, the business climate improved once again. Service providers assessed the current situation as somewhat more positive.

The business climate in trade deteriorated in November. Companies assessed their current situation as somewhat worse. Retailers were disappointed at the start of the Christmas season. Similarly, confidence declined in the construction sector. 11/24/2025 - 05:39:00 (RTTNews)

Taiwan Jobless Rate Falls to 3.33%

The unemployment rate in Taiwan decreased slightly after remaining stable in the previous month. The seasonally adjusted unemployment rate came in at 3.33% in October, down from 3.35% in September. In the corresponding month last year, the rate was 3.37%.

There were 401,000 unemployed people in October compared to 403,000 a year ago. On an unadjusted basis, the jobless rate dropped to 3.36% in October from 3.38% in the previous month.

Total employment increased by 5,000 from the previous month to 11.63 million. Employment grew by 26,000 from the previous year in October. 11/24/2025 - 07:03:00 (RTTNews)