EUR/USD headed lower on Thursday, driven closer to the 1.0800 handle after an unexpected upswing in US Services Purchasing Managers Index (PMI) figures sparked renewed fears of fewer Federal Reserve (Fed) rate cuts.
EUR/USD eases lower as risk-off flows bolster the Greenback. A spike in US Services PMI s reignite fears of sticky inflation. Fed rate cut hopes hinging in easing services inflation stumble. EUR/USD headed lower on Thursday, driven closer to the 1.0800 handle after an unexpected upswing in US Services Purchasing Managers Index figures sparked renewed fears of fewer Fed eral Reserve rate cuts.
Euro was the weakest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.51% 0.05% 0.88% 0.83% 1.34% 0.56% 0.58% EUR -0.51% -0.50% 0.41% 0.32% 0.86% 0.08% 0.07% GBP -0.05% 0.50% 0.76% 0.82% 1.34% 0.56% 0.55% JPY -0.88% -0.41% -0.76% -0.06% 0.47% -0.27% -0.29% CAD -0.83% -0.32% -0.82% 0.06% 0.47% -0.24% -0.25% AUD -1.34% -0.86% -1.34% -0.47% -0.47% -0.79% -0.78% NZD -0.56% -0.08% -0.56% 0.27% 0.24% 0.79% -0.01% CHF -0.58% -0.07% -0.55% 0.29% 0.25% 0.78% 0.
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