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Euro Area Services PMI

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A detailed collage of Euro and Dollar banknotes showcasing international currency exchange.
FORECASTSJUL 26, 2026
U.S. Dollar Retreats as Oil Pullback and PMI Data Drive Major Forex Moves
The U.S. dollar moved lower as falling oil prices reduced demand for safe-haven assets and traders assessed fresh PMI releases. EUR/USD and GBP/USD gained ground, USD/CAD held mostly flat, and USD/JPY tested resistance near 164.00 after Japan inflation data.