Dollar Rallies on US Manufacturing Strength
Yahoo Finance·2026-02-02 23:35
The Eurozone Jan S&P manufacturing PMI was revised upward by +0.1 to 49.5 from the previously reported 49.4.EUR/USD (^EURUSD) is down by -0.33% today at a 1-week low. The euro is under pressure today from a stronger dollar. Losses in the euro are limited after the Eurozone Jan S&P manufacturing PMI was revised upward and after German Dec retail sales rose as expected.The dollar continues to see underlying weakness as the FOMC is expected to cut interest rates by about -50 bp in 2026, while the BOJ is expect ...