Newsig · Forex News
Eurozone PMI jumps as services surge, price pressures keep ECB October rate hike in play
Eurozone September flash services PMI 53.0 vs 51.5 expectedPrior 51.6Eurozone September flash manufacturing PMI 52.7 vs 52.6 expectedPrior 52.7Eurozone September flash composite PMI 53.1 vs 51.7 expectedPrior 52.0Following the stronger showings in both France and Germany earlier, the more robust bus
Why it matters
EUR/USD (Euro / US Dollar) · Why linked: A stronger Eurozone PMI supporting an ECB rate hike typically supports the euro. Market context: Confirmation of an October ECB rate hike tends to strengthen the euro against the dollar.
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