© Reuters The euro is falling, affected by a slowdown in the manufacturing and services sectors
FXNEWSTODAY – The Euro fell against most of the major currencies during Monday’s trading in the wake of weak economic data in the Euro-Zone.
Government data released today revealed that the purchasing managers’ index for manufacturing industries in the eurozone fell to 42.7 points this month from 43.4 points in the previous reading, compared to expectations for a rise to 43.5 points.
The European Services PMI also slowed to 51.1 from 52 in the previous reading, while analysts had expected a decline to 51.7.
In terms of trading, the American fell at exactly 21:12 GMT, by 0.6%, to 1.1063.
pound
Government data released today revealed that the purchasing managers’ index for manufacturing industries in the United Kingdom decreased to 45.0 points in the current month, from 46.5 points in the previous reading, and compared to expectations for a decline to 46.1 points.
The PMI for British service sector activity slowed to 51.5 points from 53.7 points in the previous reading, while analysts had expected a decline to 53.1 points.
This, the British pound fell against the US currency by 21:14 GMT, by 0.3%, to 1.2820.
Australian
The Australian dollar rose against its US counterpart by 21:14 GMT, by 0.1%, at 0.6738.
Government data released today revealed that in Australia it rose to 49.6 points this month from 48.2 points in the previous reading.
On the other hand, the Australian Services PMI slowed to 48.0 points from 50.3 points in the last reading.
2023-07-25 05:30:00
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