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Euro falls as French economy shows disappointing end to Q2 performance

That's resulting in a quick drop in the euro, with EUR/USD falling from around 1.0920 levels earlier to a low of 1.0885. Of note, sellers are also looking to take out the 200-hour moving average on the day - which will see the near-term bias switch to being more bearish instead:With the ECB looking to push their case to tighten further and perhaps even extend that narrative into September, a sudden decline in economic activity is not a welcome sign. That will prompt fresh worries on growth prosp... Read More

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Content Topics

Euro

Falls

French

Economy

Shows

Disappointing

Performance

Forex

Posted: Jun 23 2023, 07:24

Author Name: forexlive

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