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Heads up: Euro area PMI data coming up tomorrow

The flash estimates for the August PMI readings in the euro area will be due tomorrow. And another set of relatively poor data could yet prove to be a drag for the euro in the days/weeks to come. The manufacturing sector is already well in recession and a slowing services sector as well is threatening to cause stagnant growth in the region during Q3.While the ECB is still largely focused on the inflation mandate, policymakers cannot ignore economic developments as well. That especially as the Eu... Read More

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Posted: Aug 22 2023, 11:07

Author Name: forexlive

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