The preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for December will be released today at 08:30 and 09:00 GMT, respectively. These figures are critical indicators of economic activity and may influence the EUR/USD exchange rate significantly. A stronger-than-expected PMI could bolster the euro, pushing the currency pair higher, while weaker data may lead to a decline in the euro against the dollar.
Traders will closely monitor these releases for any signs of economic resilience or contraction in the Eurozone. A positive shift in the PMIs may reinforce bullish sentiment towards the euro, potentially driving EUR/USD above key technical resistance levels. Conversely, disappointing numbers could result in a bearish outlook for the euro, prompting a sell-off in the currency pair as investors seek the safety of the USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 04:09
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.