Eurozone business activity data beats forecasts but fails to lift EUR as USD strength persists near 101.50.
EUR/USD declined to around 1.1370 on Friday, defying stronger-than-expected Eurozone PMI figures. The move reflects broader USD resilience, with the US Dollar Index holding near 101.50.
Eurozone business activity data surpassed expectations, typically a positive signal for the EUR. However, the currency pair struggled to capitalize on the upbeat prints, suggesting market focus remains on USD dynamics.
No immediate market reaction details were provided, but the divergence highlights persistent USD demand despite regional economic strength.