In early European deals on Thursday, the euro spiked up against the U.K. and U.S. counterparts.
The euro is trading at a 1-week high of 1.3264 against the greenback with 1.338 seen as the next upside target level.
Against the pound, the euro hit 0.8215, its highest level since April 25. The euro is likely to target next resistance level at 0.83.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.