Exchange Rate in Luxembourg
Luxembourg - Exchange Rate (average of period)
Recently released data revealed that the economy grew at the fastest pace in a year in the third quarter. Private consumption edged up in Q2 as a second round of wage-indexation measures, coupled with a low unemployment rate, boosted household incomes, while upbeat government spending further buttressed the overall expansion. That said, fixed investment dipped on escalating trade tensions and lingering Brexit uncertainties. Exports, meanwhile, rebounded in Q2, defying the wider European pullback. Turning to the third quarter, however, economic growth appears to have tapered off. Souring consumer sentiment in the quarter and falling retail sales in July suggest household spending softened in Q3. Moreover, business sentiment dipped deeper into negative territory in the quarter, hinting that, despite cheap credit, lingering uncertainties continued to thwart investment.Luxembourg - Exchange Rate (aop) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD, aop) | 1.33 | 1.33 | 1.11 | 1.11 | 1.13 |
Luxembourg Exchange Rate (aop) Chart
Source: Thomson Reuters.
Luxembourg Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 595 | 0.19 % | Sep 04 |
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Economic News
Luxembourg: Harmonized inflation falls to near three-year low in October
November 6, 2019
Consumer prices dipped 0.1% month-on-month in October, following a 0.2% fall in September.
Luxembourg: Unemployment inches down in September
October 21, 2019
In September, the number of unemployed workers stood at 14,692, down 4.4% from August’s result, while the seasonally-adjusted unemployment rate edged down to 5.3% from 5.4% a month prior.
Luxembourg: The economy expands at the fastest pace in a year in Q2
October 9, 2019
Growth accelerated to 3.7% year-on-year in the second quarter, marking the highest print in a year, following the first quarter’s downwardly revised 1.0% expansion (previously reported: +1.6% year-on-year).
Luxembourg: Harmonized inflation recedes in September
October 4, 2019
Consumer prices fell 0.2% month-on-month in September, contrasting a 1.2% increase in August.
Luxembourg: Unemployment stable in August
September 20, 2019
In August, the number of unemployed workers stood at 15,370, down 1.9% from July’s result, while the seasonally-adjusted unemployment remained stable at July’s 5.4%.
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