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 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.