Euro Stays Weaker After Eurozone PMI Data Miss Forecasts
Dow Jones16:42
0842 GMT - The euro remains weaker against the dollar after the flash October eurozone purchasing managers' index survey fell short of estimates. The eurozone composite PMI fell to 51.9 in October from 53.1 in September, although remained above the 50 level that separates expansion from a contraction. Economists in a WSJ survey expected a reading of 52.8. This follows weaker-than-expected French and German PMI composite readings earlier in the day. The euro falls 0.2% to $1.1192, little changed from levels before the eurozone PMI data.
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