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7 May 2025

United Kingdom S&P Global/CIPS Construction PMI: 46.6 (April) vs 46.4

May 7, 2025

EUR: Weakened Merz doesn't do too much damage – ING

It's been quite an attractive story to tell that if German fiscal expansion caused the EUR/USD exchange rate to rise significantly in March (from 1.04 to 1.09), then a weakened Friedrich Merz should see EUR/USD fall a few figures back, ING's FX analyst Chris Turner notes.

EUR/USD likely to trade between 1.1290 and 1.1390 – UOB Group

Price action did not result in any increase in either downward or upward momentum; Euro (EUR) is likely to trade between 1.1290 and 1.1390 vs US Dollar (USD).