The euro outperformed against the resource-linked currencies along with other major rivals following the release of an upbeat German PMI data for July around 3:30 am ET.
The common currency climbed to an 8-day high of 1.4359 against the Australian dollar around 3:50 am ET. The euro also advanced to 2-day highs of 1.3652 against the Canadian dollar and 1.6653 against the New Zealand dollar around 3:40 am ET.
On the upside, the 17-nation bloc currency may find resistance levels at 1.3680 against the Canadian dollar, 1.6685 against the New Zealand dollar and 1.4420 against the Australian dollar.
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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.