The Eurozone manufacturing sector downturn gathered momentum again while the services sector activity deteriorated in June, according to the data from the HCOB's latest purchasing managers index survey published on Friday.
Eurozone Manufacturing PMI dropped to 45.6 in June, missing 47.9 estimate. Bloc’s Services PMI dipped to 52.2 in June vs. 53.5 anticipated. EUR/USD keeps losses below 1.0700 after German, Eurozone PMI data. The Eurozone manufacturing sector downturn gathered momentum again while the services sector activity deteriorated in June, according to the data from the HCOB'slatest purchasing managers indexsurvey published onFriday. The Eurozone Manufacturing Purchasing Managers Index dropped from 47.
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.
PMI Economicindicator Manufacturing EURUSD
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