💱Euro/US Dollar FX Spot Rate
EURUSD
▼ NegativeMonetaryrelevance
Weak PMIs reduce ECB tightening expectations, weakening the euro.
Impact on assets 1
Others
Eurozone PMIs remain weak despite a slightly better-than-expected composite reading, according to Geoff Yu at BNY. Core economies like Germany and France continue to underperform, with German services falling to a 43-month low.
Weak PMIs reduce ECB tightening expectations, weakening the euro.