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Flailing German economy fails to breath confidence in the euro

That translates to roughly a 30-pip drop after a slight nudge higher on the French PMI headline i.e. services sector beat. But the details continue to highlight problematic issues with the euro area economy as a whole - in particular Germany. Consumption activity is declining and alongside extremely poor manufacturing sector activity, a recession looks to be underway for the region's biggest economy.While EUR/USD has fallen, it has only served to erase the gains for the day as the pair now trade... Read More

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Content Topics

Flailing

German

Economy

Fails

Breath

Confidence

Euro

Forex

Posted: Oct 24 2023, 07:38

Author Name: forexlive

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