eCredits USD Price & Performance (ECSUSD)

The Eurozone's economic outlook remains uncertain as mixed PMI data weighs on investor sentiment. While the Manufacturing PMI slightly improved to 48.7, it remains in contraction territory, and Services PMI fell to 50.4, missing expectations. The EUR/USD continues to face pressure, trading near the 1.0800 level as tariff concerns linger.12

Germany's ZEW Economic Sentiment index for March exceeded expectations at 51.6, reflecting optimism about future prospects. However, the ZEW Current Conditions index dropped to -87.6, signaling ongoing challenges. The EUR/USD pair has shown limited reaction, remaining muted as markets await further developments in German fiscal policy and debt reform.32

The EUR/USD sentiment has shifted bearish due to looming trade tariffs between the US and Europe, set for early April. Additionally, German political negotiations over a major infrastructure package add volatility. These factors have led to a cautious market outlook, with the euro under pressure against the dollar.42