The euro slipped against the American currency during early European deals on Thursday after the release of Eurozone final services PMI data for March.
The PMI index fell to 46.4 in March from 47.9 in February.
Breaching the key 1.28 mark, the euro touched 1.2785 against the greenback, its lowest since April 1. If the euro extends decline, 1.27 is seen as the next downside target level. The pair finished Wednesday's trading at 1.2850.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.