Following the release of the German PMI for May at 3:30 am ET Thursday, the euro fell sharply against other major currencies.
The euro-dollar pair is currently trading at a fresh multi-month low of 1.2542.
Against the yen and pound, the euro is now worth 99.67 and 0.8004, respectively.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.