EUR/USD extended losses in Friday’s European session, trading near 1.1720 in the US trading session, down from a high of 1.1800 in late December. Disappointing manufacturing activity data in the eurozone and some of its main economies have added bearish pressure to the euro, in an otherwise quiet New Year’s session.
However, from a broader perspective, the pair remains a relatively short distance from the three-month high of 1.1808 seen just before Christmas. The US dollar (USD) declined by about 14% against the euro in 2025 due to market concerns about US President Donald Trump’s erratic trade policies, signs of a recession in the US economy and, most recently, monetary policy divergence between the European Central Bank (ECB) and the US Federal Reserve (FED).
Final German and Eurozone HCOB Manufacturing Purchasing Managers’ Index (PMI) data highlight the declining contribution of manufacturing activity to the regions’ GDP. Investors are now keeping an eye on the final US S&P Manufacturing PMI release, which could provide some fresh momentum to the greenback.
euro value today
The table below shows the percentage change of the Euro (EUR) against the major currencies listed today. The euro was the strongest against the Japanese yen.
| USD | EUR | gbp | JPY | scurvy | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.21% | 0.12% | -0.02% | -0.05% | -0.35% | -0.34% | -0.03% | |
| EUR | -0.21% | -0.14% | -0.13% | -0.16% | -0.52% | -0.45% | -0.14% | |
| gbp | -0.12% | 0.14% | 0.00% | -0.06% | -0.38% | -0.31% | 0.00% | |
| JPY | 0.02% | 0.13% | 0.00% | -0.14% | -0.46% | -0.38% | -0.01% | |
| scurvy | 0.05% | 0.16% | 0.06% | 0.14% | -0.33% | -0.24% | 0.03% | |
| AUD | 0.35% | 0.52% | 0.38% | 0.46% | 0.33% | 0.07% | 0.38% | |
| NZD | 0.34% | 0.45% | 0.31% | 0.38% | 0.24% | -0.07% | 0.31% | |
| CHF | 0.03% | 0.14% | -0.00% | 0.00% | -0.03% | -0.38% | -0.31% |
The heat map shows the percentage change of major currencies against each other. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you select Euro from the left column and move along the horizontal line to US Dollar, the percentage change displayed in the box will represent EUR (basis)/USD (quote).
Daily Digest Market Movers: Euro slips after weak manufacturing data
- The euro is weakening against its main rivals on Friday after weaker-than-expected manufacturing activity data in Europe. The Eurozone HCOB Manufacturing PMI was cut to 48.8 from an initial estimate of 49.2 reading in December, reflecting a sharp contraction from the 49.6 reading seen in November and 50.0 in October.
- Similarly, the German HCOB Manufacturing PMI showed weaker-than-expected activity, as December’s decline was reduced to 47.0 from the 47.7 initial estimate, and from November’s 48.2 reading.
- Italy’s manufacturing PMI fell to 47.9 in December from 50.6 in November and Spain’s manufacturing activity declined to 49.6 from 51.5. The positive exception has been the French manufacturing PMI, which rose to 50.7 from 50.6 in November.
- Later on Friday, the focus will shift to the US S&P Global Manufacturing PMI, whose preliminary reading slowed to 51.8 in December from 52.2 in November. These figures are consistent with moderate business activity growth.
- However, investors are likely to focus on the US nonfarm payrolls report due out next weekend and the name of the person to replace Chairman Jerome Powell at the Federal Reserve, who is expected to be revealed in the coming weeks.
technical analysis: EUR/USD is approaching the support at 1.1700 area
The immediate trend of EUR/USD remains bearish, after breaking trendline support from the mid-November lows. The 4-hour Relative Strength Index (RSI) has been rejected at the key 50 level, and turned lower after failing to cross the moving average convergence divergence (MACD) signal line, highlighting increasing bearish momentum.
However, bears need to break the support at the December 17 and 19 lows, near 1.1700, to confirm a change in trend. In such a scenario, the focus would shift to the December 4 high and December 11 low, around 1.1680, and the December 8 and 9 low of 1.1615.
Upside attempts at the beginning of the day have been limited at 1.1764. Furthermore, the reverse trendline, at 1.1785, and the December 16 and 24 highs above 1.1800 are likely to generate significant resistance.
economic indicators
S&P Global Manufacturing PMI
The S&P Global Manufacturing Purchasing Managers’ Index (PMI), released on a monthly basis, is a leading indicator measuring business activity in the US manufacturing sector. The data has been taken from a survey of senior executives of private sector companies in the manufacturing sector. Survey responses reflect changes, if any, in the current month compared to the previous month and can gauge changing trends in official data series such as gross domestic product (GDP), industrial production, employment and inflation. A reading above 50 indicates that the manufacturing economy is generally growing, which is a bullish sign for the US dollar (USD). Meanwhile, a reading below 50 indicates that activity in the manufacturing sector is generally decreasing, which is seen as bearish for the USD.
Read more.
Last Release:
Tuesday December 16, 2025 14:45 (Early)
frequency:
Monthly
Real:
51.8
Consensus:
52
Of earlier:
52.2
Source:
S&P Global
