Forex Today: Focus Shifts to May PMI Data from Key Economies

Forex Today: Attention Turns to May PMI Releases from Large Economies

Thursday, May 22, 2025 – Financial markets are relatively quiet on Thursday as traders and investors await crucial Purchasing Managers Index (PMI) data from major global economies. Key PMI releases for Germany, the Eurozone, the UK, and the US will be closely monitored as they provide insights into the health of the manufacturing and services sectors in these regions.

In addition to the PMI data, the US economic calendar will also feature weekly Initial Jobless Claims, which is an important measure of the labor market, as well as April Existing Home Sales figures. These reports could give traders a better understanding of the US economy, especially with recent concerns over the US fiscal outlook and the US Dollar weakness.

Furthermore, several central bank officials are scheduled to speak throughout the day, which could lead to volatility in the currency markets, especially if any unexpected commentary emerges regarding interest rates, inflation, or economic growth.

With little other major data on the agenda, the market's attention is fully focused on these releases, which could set the tone for the rest of the week in the forex market.