Created
: 2025.08.21
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Eurozone Preliminary Manufacturing PMI expands to 50.5 in August vs. 49.5 expected
World FX news
Breaking news
Eurozone Preliminary Manufacturing PMI expands to 50.5 in August vs. 49.5 expected
New
2025.08.21 17:02
2025.08.21 17:02
2025.08.21 17:02
- Eurozone Manufacturing PMI unexpectedly returns to expansion with 50.5 in August.
- The old continent's Services PMI fell to 50.7 in August vs. 50.8 forecast.
- EUR/USD holds renewed uptick near 1.1650 after German, Eurozone PMI data.
The Eurozone manufacturing sector unexpectedly returned to expansion, while the services sector activity declined in August, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) rose to 50.5 in August from 49.8 in July, beating the market expectations of 49.5 by a wide margin.
developing story ...
Euro FAQs
The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB's primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates - or the expectation of higher rates - will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB's 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone's economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.08.21
Related articles
NZD/USD: Oversold conditions suggest 0.5795 is likely out of reach - UOB Group
33 minutes agoChina: After resilience comes the slowdown and more support - ABN AMRO
39 minutes agoAUD/USD: Unlikely to weaken much further - UOB Group
40 minutes agoUSD/JPY extends its recovery to 147.60 amid generalised Yen weakness
48 minutes agoThe Riksbank leaves everything open - Commerzbank
52 minutes agoGBP/USD: Risk is still tilted to the downside - UOB Group
56 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
New
2025.08.21 19:02NZD/USD: Oversold conditions suggest 0.5795 is likely out of reach - UOB Group
Scope for New Zealand Dollar (NZD) to weaken further; oversold conditions suggest 0.5795 is unlikely to come under threat. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.21 18:45China: After resilience comes the slowdown and more support - ABN AMRO
Q2 GDP data showed a remarkable resilience, with exports holding up despite tariff war ... but recent activity data confirm domestic imbalances, and weakening growth momentum.
New
2025.08.21 18:39AUD/USD: Unlikely to weaken much further - UOB Group
Australian Dollar (AUD) is unlikely to weaken much further; it is likely to trade in a lower range of 0.6420/0.6455. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.21 18:38USD/JPY extends its recovery to 147.60 amid generalised Yen weakness
The US Dollar accelerated its recovery against a weaker Japanese Yen on Friday.
New
2025.08.21 18:30The Riksbank leaves everything open - Commerzbank
As expected, the Riksbank left its policy rate unchanged at 2% on Wednesday. At the same time, it signaled the possibility of a further interest rate cut this year, which would be 'in line with the June forecast', Commerzbank's FX analyst Antje Praefcke notes.
New
2025.08.21 18:27GBP/USD: Risk is still tilted to the downside - UOB Group
Price action remains soft, and the risk is still tilted to the downside; the major support is probably out of reach for now. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.21 18:22EUR/GBP fails to clear key resistance - Société Générale
EUR/GBP pulled back after failing to break above resistance at 0.8735/0.8765. While support at 0.8590 and the 50-DMA has held, a sustained rebound toward 0.8700 is possible, though a breach of 0.8590 could trigger a deeper decline, Société Générale's FX analysts note.
New
2025.08.21 18:20EUR/GBP hovers around 0.8650 following PMIs from UK, Eurozone
EUR/GBP remains steady after registering gains in the previous session, trading around 0.8660 during the European hours on Thursday. The currency cross moves little following the release of mixed S&P Global UK Purchasing Managers' Index (PMI) data.
New
2025.08.21 18:11EUR/USD: Likely to trade in a range between 1.1630 and 1.1680 - UOB Group
Momentum indicators are turning flat; Euro (EUR) is likely to trade in a range between 1.1630 and 1.1680. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.21 18:01Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
