Dollar Index Holds Near 99.1 as Ceasefire Hopes Ease Greenback Demand
The DXY held near 99.1 on Wednesday as reports of US ceasefire efforts with Iran weighed on safe-haven demand for the greenback.
US Flash PMI March 2026: Manufacturing at 52.4, Services at 11-Month Low
US Manufacturing PMI hit 52.4 in March, beating expectations, as Services fell to 51.1, an 11-month low. Composite PMI slipped to 51.4.
Eurozone Manufacturing PMI Hits 45-Month High at 51.4 in March 2026
Eurozone Manufacturing PMI rose to 51.4 in March 2026, the highest in 45 months, beating forecasts of 49.4 even as the composite PMI fell to a 10-month low of 50.5.
Euro Slips Below $1.16 as Weak PMI and Middle East War Rattle Eurozone Outlook
The euro fell below $1.16 on Tuesday as weak Eurozone PMI data and persistent Middle East tensions raised fears of an energy-driven economic shock.
UK Business Activity Slows to Six-Month Low in March on Supply Chain Strain
UK composite PMI fell to 51.0 in March 2026, a six-month low, with input costs hitting the highest since February 2023 on Middle East disruptions.
Eurozone Business Activity Hits 10-Month Low in March 2026 Flash PMI
Eurozone composite PMI fell to 50.5 in March, a 10-month low, as surging energy costs and supply chain disruptions hit services activity hard.
Germany Manufacturing PMI Climbs to 51.7, Highest Level Since June 2022
Germany manufacturing PMI climbed to 51.7 in March 2026, highest since June 2022, beating forecasts of 49.5 as Middle East conflict spurred inventory demand.
India Flash PMI Falls to 3.5-Year Low in March as Middle East War Weighs on Business Activity
India's HSBC Composite PMI fell to 56.5 in March, a 3.5-year low, as the Middle East war and cost pressures dampened business activity.
EU-Mercosur Trade Agreement to Enter Provisional Application in May 2026
The European Commission announced the EU-Mercosur free trade agreement will enter provisional application from May 2026, covering 700 million people.
US jobless claims fall to 205,000 as labor market resilience offsets decline in building permits to 1.386 million
US jobless claims fell to 205,000, showing labor market strength, while building permits dropped, signaling housing sector weakness.
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