BREAKING: EURUSD gains after publication of service PMIs from Europe 💡

10:01 AM 6 January 2025

08:15 - Spain, services PMI data for December. Current: 57.3 Forecast: 54 Previously: 53.1

08:45 -Italy, PMI data for services for December. Current: 50.7 Forecast: 50 Previously: 49.2

08:50 -France, PMI data for services for December. Current: 49.3 Forecast: 48.2 Previously: 46.9

08:55 - Germany, PMI data for services for December. Current: 51.2 Forecast: 51 Previously: 49.3

09:00 - Eurozone, PMI data for services for December. Current: 51.6 Forecast: 51.4 Previously: 49.5

The EURUSD pair is gaining after the publication of better-than-expected PMI data for services for December. Better data, suggesting improving economic conditions in the main economies of the European Union, may encourage the ECB to cut rates more slowly, which naturally strengthens the EUR.

 

Source: xStation 

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits