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Eurozone Preliminary Manufacturing PMI rises to 49.4 in May vs. 49.3 expected
World FX news
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Eurozone Preliminary Manufacturing PMI rises to 49.4 in May vs. 49.3 expected
New
2025.05.22 17:02
2025.05.22 17:02
2025.05.22 17:02
- Eurozone Manufacturing PMI rose to 49.4 in May, beating the 49.3 forecast.
- Bloc's Services PMI dropped to 48.9 in May vs. 50.3 estimate.
- EUR/USD holds losses above 1.1300 after German, Eurozone PMI data.
The Eurozone manufacturing sector remained in contraction, while services sector also followed suit in May, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.
developing story ...
Last updated
: 2025.05.22
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GBP trading well despite deeply contractionary mfg PMI - Scotiabank
Pound Sterling (GBP) is down 0.2% against the US Dollar (USD) and a mid-performer among the G10, trading relatively well despite a generally disappointing preliminary PMI release, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.05.22 20:35CAD steady, risk reversal pricing, technical lean bullish - Scotiabank
The Canadian Dollar (CAD) is down marginally, reflecting the minor lift in the US Dollar (USD) generally more than anything else.
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2025.05.22 20:31USD consolidates as Treasurys steady - Scotiabank
The US Dollar (USD) is consolidating. Global market sentiment remains soft, following yesterday's hefty US equity market losses. Asian and European stocks are down and US equity futures are narrowly mixed, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.05.22 20:27EUR soft but in range as markets digest disappointing PMIs/stronger IFO - Scotiabank
Euro (EUR) is entering Thursday's NA session with a 0.3% decline against the US Dollar (USD) and underperforming most of the G10 currencies with the exception of SEK and NZD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.05.22 20:24Bessent and Kato commit to market-determined exchange rates - Commerzbank
This US administration does not formulate any doctrine or strategy in important policy areas that could serve as guidelines for current policy measures.
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2025.05.22 20:20AUD/USD slips below 0.6420 ahead of US PMI data
The Australian Dollar (AUD) inches lower against the US Dollar (USD) on Thursday, erasing earlier gains. The AUD/USD pair is holding within a narrow range, down 0.50% at the time of writing, to trade around 0.6420 in the European trading hours.
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2025.05.22 20:20USD/JPY Price Forecast: Flattens around 143.50
The USD/JPY pair recoups its initial losses and flattens around 143.50 during European trading hours on Thursday. The pair rebounds as the US Dollar (USD) attracts bids on Thursday after a three-day losing streak.
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2025.05.22 20:12AUD slips as soft PMI reinforces RBA dovishness - BBH
AUD/USD remains under pressure as weak May PMI data supports expectations for RBA rate cuts. The pair struggles to hold above its 200-DMA, with markets now pricing in 75bps of easing over the next year, BBH FX analysts report.
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2025.05.22 20:09USD/JPY slips as JGB yields surge and BoJ signals caution - BBH
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Gold price (XAU/USD) gives up its intraday gains and falls back to near $3,300 during European trading hours on Thursday after revisiting the two-week high around $3,345 earlier in the day.
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2025.05.22 20:02Disclaimer:
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