EURUSD Weakens as Eurozone PMI Slows; Lease Market Remains Steady
The EURUSD currency pair weakened to near 1.0830 Wednesday, as the preliminary Eurozone Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI) report for July showed a slowdown in manufacturing and services. The composite PMI decreased to 50.1, just above the threshold that separates growth from contraction.