BREAKING: Euro erases declines after upbeat PMI reading from Germany

8:35 AM 23 May 2024

08:15 AM BST, France - PMI Data for May:

French HCOB Manufacturing PMI May P: 46.7 (est 45.9; prev 45.3)
HCOB Services PMI May P: 49.4 (est 51.7; prev 51.3)
HCOB Composite PMI May P: 49.1 (est 51.0; prev 50.5)

08:30 AM BST, Germany - PMI Data for May:

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German HCOB Manufacturing PMI May P: 45.4 (est 43.5; prev 42.5)
HCOB Services PMI May P: 53.9 (est 53.5; prev 53.2)
HCOB Composite PMI May P: 52.2 (est 51.0; prev 50.6)

The euro erased declines after a worse service data reading from France and is now breaking out above levels seen before 08:00 am BST.

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