The euro firmed against the U.S. dollar on Monday's European deals after data showed that Eurozone private sector activity increased at a faster pace in December.
The seasonally adjusted composite output index, which gauges the performance of the manufacturing sector and the service sector, advanced to 52.1 December from 51.7 in November, a survey conducted by Markit Economics showed. Economists were looking for a reading of 51.9.
The euro that closed Friday's deals at 1.3742 against the greenback rose to a 4-day high of 1.3774 at 4:25 am ET. The euro may possibly seek resistance at the 1.385 level.
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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.