EUR/USD treads water to halt its three-day losing streak, hovering around 1.0820 during the Asian session on Thursday.
EUR/USD holds its position ahead of the releases of PMI data from the Eurozone and Germany . Eurozone Manufacturing Services PMIs are expected to tick upwards slightly in May.
Minutes suggested a hawkish sentiment surrounding theFedpolicy stance. The Euro's appreciation against the US Dollar can be attributed to a corrective move for the latter. Investors are likely to await Purchasing Managers Index data from both the Eurozone and Germany, with subsequent attention turning to the US PMI later in the North American session on Thursday. Projections suggest that Eurozone Manufacturing PMI in May is anticipated to rise to 46.2 from 45.
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