Euro Holds Firm Near Three-Month Highs as Strong PMI Data Defies Global Headwinds

The Eurozone Composite Flash PMI rose to 52.3 in May, exceeding expectations and signaling resilience in the private sector.

This marks a significant improvement from April's 51.7 reading, with the services sector driving growth at 53.5, while manufacturing showed signs of stabilization at 47.4.

The stronger-than-expected data has reinforced market expectations that the European Central Bank (ECB) may maintain a tighter monetary policy stance for longer, supporting the euro's appeal.