Germany's flash manufacturing PMI rose to 52.0 in August from 50.7 in July and services PMI climbed to 52.4 from 51.3 a month ago. Economists expected the manufacturing index to rise to 51.1 in August from 50.7 in July. Similarly, the services index was forecast to climb to 51.7 from 51.3 a month ago.
The euro held steady against its major counterparts after the report. As of 3:323 am ET, the European shared currency was trading at 1.3343 against the dollar, 131.04 against the yen, 0.8556 against the pound and 1.2332 against the Swiss franc.
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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.