Euro Slumps on Weak PMI as ECB Oct Cut Speculation Heats Up
Euro took a sharp dive today following disappointing PMI data that fueled fresh speculation about ECB potentially moving up its anticipated rate cut. Markets had been bracing for a December cut, timed with the release of new economic forecasts. However, the mounting risks of stagnation and even recession in the Eurozone have prompted discussions that […] The post Euro Slumps on Weak PMI as ECB Oct Cut Speculation Heats Up appeared first on Action Forex.
Euro took a sharp dive today following disappointing PMI data that fueled fresh speculation about ECB potentially moving up its anticipated rate cut. Markets had been bracing for a December cut, timed with the release of new economic forecasts. However, the mounting risks of stagnation and even recession in the Eurozone have prompted discussions that […]
The post Euro Slumps on Weak PMI as ECB Oct Cut Speculation Heats Up appeared first on Action Forex.
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