Euro Slips as German Recession Fears Mount, Aussie Awaits CPI
Euro weakened broadly today, weighed down by growing recession concerns in Germany. The Eurozone’s largest economy confirmed -0.1% contraction in GDP in Q2. Consumer sentiment showing deeper-than-expected deterioration, particularly in economic expectations. This decline follows weak Ifo business climate released yesterday. The string of negative data points suggests that any economic recovery may be further […] The post Euro Slips as German Recession Fears Mount, Aussie Awaits CPI appeared first on Action Forex.
Euro weakened broadly today, weighed down by growing recession concerns in Germany. The Eurozone’s largest economy confirmed -0.1% contraction in GDP in Q2. Consumer sentiment showing deeper-than-expected deterioration, particularly in economic expectations. This decline follows weak Ifo business climate released yesterday. The string of negative data points suggests that any economic recovery may be further […]
The post Euro Slips as German Recession Fears Mount, Aussie Awaits CPI appeared first on Action Forex.
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