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Euro Slips as PMI Threatens Recovery Hopes

EUR/USD holds near 1.1630 with markets braced for PMI data that could test Europe’s growth outlook. – vtmarkets.com

In Europe, major currencies experienced sluggish trading, impacted by cautious market sentiment and upcoming events

The dollar holds steady as markets await Jackson Hole; Aussie and Kiwi fall on dovish central bank tones.

Société Générale notes Jackson Hole will prioritise labour market discussions amidst Fed’s internal debates

Markets eye September rate cut; focus shifts to labour data with Jackson Hole and key reports ahead.

UK’s flash services PMI exceeded predictions at 53.6, while manufacturing PMI fell below expectations

UK private sector sees strongest growth since August; services lead, manufacturing stabilizes, inflation pressures persist.

In August, manufacturing excelled, boosting the eurozone economy, while services displayed steady growth trends

Eurozone PMI data shows manufacturing gains and job growth, led by Germany, despite rising cost pressures.

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