Euro Offered Relief With PMI Data Backing 25bps ECB Cut in Dec

The forex markets are relatively calm today, as major currency pairs and crosses gyrate within familiar ranges, digesting recent moves, and awaiting fresh data. Euro is having a slight recovery, supported by mixed PMI data that reflected an improving outlook in Germany, offset by a more concerning deterioration in France. Inflationary pressures continue to linger, […] The post Euro Offered Relief With PMI Data Backing 25bps ECB Cut in Dec appeared first on Action Forex.

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Nov 4, 2024 - 01:43
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Euro Offered Relief With PMI Data Backing 25bps ECB Cut in Dec

The forex markets are relatively calm today, as major currency pairs and crosses gyrate within familiar ranges, digesting recent moves, and awaiting fresh data. Euro is having a slight recovery, supported by mixed PMI data that reflected an improving outlook in Germany, offset by a more concerning deterioration in France. Inflationary pressures continue to linger, […]

The post Euro Offered Relief With PMI Data Backing 25bps ECB Cut in Dec appeared first on Action Forex.

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