The Euro exchange rate movement on the world market shows that the EUR/USD index is currently at 1.087, a slight decrease of 0.0003 points, equivalent to 0.0276% compared to the previous session.
The Euro is slightly down today. The euro area and the UK will release PMI data on Wednesday (August 23), which could provide insight into whether the European Central Bank (ECB) will raise interest rates. interest rates again in September and whether the Bank of England (BoE) will continue to deliver a big rate hike.
The Eurozone and UK Purchasing Managers' Indexes (PMIs) have slipped in recent months, amid a sluggish service sector coupled with a contraction in manufacturing activity.
ECB President Christine Lagarde will speak at the Jackson Hole Symposium on Friday as investors look for clues about the central bank's next move in September.
In July, Ms Lagarde said the ECB would keep an "open mind" when it comes to future interest rate decisions, adding that policymakers were "moving into a phase where we depends on the data".
The Euro is slightly down today. The euro area and the UK will release PMI data on Wednesday (August 23), which could provide insight into whether the European Central Bank (ECB) will raise interest rates. interest rates again in September and whether the Bank of England (BoE) will continue to deliver a big rate hike.
The Eurozone and UK Purchasing Managers' Indexes (PMIs) have slipped in recent months, amid a sluggish service sector coupled with a contraction in manufacturing activity.
ECB President Christine Lagarde will speak at the Jackson Hole Symposium on Friday as investors look for clues about the central bank's next move in September.
In July, Ms Lagarde said the ECB would keep an "open mind" when it comes to future interest rate decisions, adding that policymakers were "moving into a phase where we depends on the data".
