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Sign InEurozone economic activity showed unexpected resilience as Purchasing Managers' Index (PMI) data surpassed market forecasts. Both the composite and manufacturing indices climbed back above the critical 50-point threshold, indicating a return to economic expansion. According to Danske Bank analysts, these readings represent the highest levels recorded since the European Central Bank (ECB) initiated its interest rate-hiking cycle. The stronger-than-expected data suggests a robust recovery, potentially reducing the immediate pressure on the ECB to implement aggressive rate cuts. Consequently, the Euro received a significant boost across major currency pairs, including EUR/USD and EUR/GBP. Market participants view this development as a hawkish surprise that strengthens the fundamental outlook for the Eurozone economy.