February 23, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Euro Outlook: “Dollar Bid Next Couple of Weeks, Then Turning Lower in March”
The Euro (EUR) spiked higher after the French PMI business confidence data beat expectations with the Euro to Dollar exchange rate jumping to 20-day highs just below 1.0890.
The subsequent data was less convincing with particular concern over the German manufacturing sector.
Evidence of stronger inflation in the data also curbed optimism surrounding the potential for early…
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