Euro Stays Lower Vs Dollar After Weaker Eurozone PMI Data -- Market Talk

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Euro Stays Lower Vs Dollar After Weaker Eurozone PMI Data -- Market Talk

Dow Jones03-24

0924 GMT - The euro stays under pressure versus the dollar after the release of a weaker-than-expected flash eurozone purchasing manager's index survey for March. The eurozone composite PMI fell to 50.5 in March from 51.9 in February. Economists in a WSJ survey expected a reading of 51.0. The survey also showed the rate of input price inflation rose sharply as energy prices jumped due to the Middle East conflict. The data "underscore how the European Central Bank is no longer in a 'good place' with respect to growth and inflation and will have to tread a cautious policy path, S&P economist Chris Williamson says in the survey. The euro falls 0.2% to $1.1587, little changed from levels before the data. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 05:24 ET (09:24 GMT)

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