BREAKING: EURUSD extends declines after final PMI data from Eurozone

• Eurozone HCOB Manufacturing PMI Jun F: 45.8 (est 45.6; prev 45.6)
• German HCOB Manufacturing PMI Jun F: 43.5 (est 43.4; prev 43.4)
• French HCOB Manufacturing PMI Jun F: 45.4 (est 45.3; prev 45.3)
• Italian HCOB Manufacturing PMI Jun: 45.7 (est 44.3; prev 45.6)
• Swiss PMI Manufacturing Jun: 43.9 (est 45.54; prev 46.4)
• Spanish HCOB Manufacturing PMI Jun: 52.3 (est 52.9; prev 54.0)

The eurozone manufacturing economy displayed fresh signs of weakness at the end of the second quarter, latest HCOB PMI data showed, as the contraction in output accelerated markedly to the strongest seen in the year-to-date. New orders, purchasing activity and employment also decreased at faster rates, but the 12-month outlook for output remained positive.

Key findings:

• Sharper decline in new orders and costs increase, but outlook remains upbeat
• For the first time since February 2023, inputs costs rose

Source: xStation