Euro Under Siege as Dollar Stages Recovery

Euro is facing significant selling pressure today, with its recent decline gaining momentum. Fresh data from ECB paints a grim picture: bank lending growth in July was notably sluggish, failing to meet even historical averages. Meanwhile, money growth, which had shown signs of improvement in prior months, remained stagnant with M3 increasing by just 2.3% […] The post Euro Under Siege as Dollar Stages Recovery appeared first on Action Forex.

Aug 29, 2024 - 19:25
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Euro Under Siege as Dollar Stages Recovery

Euro is facing significant selling pressure today, with its recent decline gaining momentum. Fresh data from ECB paints a grim picture: bank lending growth in July was notably sluggish, failing to meet even historical averages. Meanwhile, money growth, which had shown signs of improvement in prior months, remained stagnant with M3 increasing by just 2.3% […]

The post Euro Under Siege as Dollar Stages Recovery appeared first on Action Forex.

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