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The currency pair EUR/USD declines due to speculation the European Central Bank will add further stimulus measures and disappointing manufacturing purchase managers’ index (PMI). The ECB will release its interest rates decision on Thursday.
Eurozone’s manufacturing purchase managers’ index (PMI) decreased to 52.2 in May from 52.5 in April. Analysts had expected that the index remained unchanged.
Germany’s manufacturing PMI fell to 52.3 in May from 54.1 in April. Analysts had forecasted a decline to 52.9.
France’s manufacturing PMI sank to 49.6 in May from 51.2 in April. Analysts had expected a decrease to 49.3.
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