Eurozone’s revised Services PMI supports the Euro, keeping EUR/USD near 1.1530 ahead of seven-week highs.
The Euro traded marginally higher against the US Dollar, with EUR/USD stabilizing around 1.1530 following an upward revision to Eurozone’s Services PMI. The pair remains just below its seven-week highs, reflecting improved sentiment in the region’s services sector.
The revised PMI data surpassed initial estimates, suggesting stronger economic activity in the Eurozone. Prior prints had indicated weaker momentum, while consensus forecasts had anticipated only modest improvements. The revision aligns with recent signs of stabilization in the bloc’s economy.
Markets showed limited immediate reaction, as the data reinforced expectations of steady monetary policy from the European Central Bank in the near term.