During early deals on Monday, the euro surged up to multi-day highs against its U.S. and Japanese counterparts as the latest survey from Markit Economics showed that Eurozone's manufacturing PMI climbed to a 20-month high in November.
On the other hand, the euro fell to a 4-day low against the Swiss franc and it eased from an 11-day high against the pound.
The manufacturing PMI stood at 51 in November, up from 50.7 in the previous month. Manufacturing activity expanded for the fourth consecutive month, and at the fastest pace since September 2007.
At the same time, the services activity as measured by the services business activity index climbed to a 24-month high in November. The index increased to 53.2 from 52.6. The services sector activity increased for the third consecutive month, with the growth hitting a two-year high.
Commenting on the latest PMI data, Chris Williamson, chief economist at Markit Economics said, "The November survey suggests that the Eurozone continued to expand at a robust pace, raising hopes that GDP growth in the final three months of the year could outpace the 0.4% rise seen in the third quarter".
"However, we also saw the first signs of growth peaking, with the New Orders Index falling for the first time since it hit a record low in February", he pointed. "The sustained steep rate of job losses further highlighted the fragility of the recovery, reflecting an ongoing need to cut costs and uncertainty regarding the economic outlook", the economist added.
The euro jumped to a 4-day high of 133.30 against the yen and a 5-day high of 1.4991 against the dollar in early deals on Monday. If the euro gains further, it may target 1.502 against the dollar and 134.0 against the yen. The euro-dollar and the euro-yen pairs were worth 1.4864 and 132.21, respectively at Friday's close.
The dollar and the yen plunged today as gains in most Asian and European stocks reduced demand for safe-haven currencies.
A surge in oil and gold prices also exerted downward pressure on the U.S. currency.
Against the currency of U.K., the euro is currently worth 0.9010, fell from an Asian session's 11-day high of 0.9041. The next downside target level for the euro-pound pair is seen at 0.890. At Friday's close, the pair was quoted at 0.9007.
During early deals on Monday, the euro declined to a 4-day low of 1.5110 against the Swiss franc. This may be compared to last week's close of 1.5126. The near term support for the euro-franc pair is seen at 1.509.
The Swiss National Bank said in a report that the M3 money supply increased 7.7% in October, at the same pace as in the previous month, revised from 7.8% growth reported initially. A year ago, the M3 money supply was up 2%.
The M2 money supply growth decreased to 38.9 in October from 41.9 in September, while the M1 money supply rose 42.3, smaller than the 47.7 in September.
In the upcoming New York session, the National Association of Realtors is scheduled to release its report on existing home sales for October at 10 am ET. Economists estimate existing home sales of 5.70 million for the month.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.