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EUR/USD Dips as U.S. Services PMI Surges

3/4/2026

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Story summary
  • The EUR/USD pair fell for a third straight session to around 1.1600.
  • Germany's HCOB Services PMI rose to 53.5, with the Eurozone Composite PMI at 51.9.
  • The U.S. Institute for Supply Management (ISM) Services PMI increased to 56.1, signaling stronger U.S. services activity.
  • The U.S. Dollar Index sits near 99.20, supported by inflation concerns and geopolitical tensions.