Christopher Nye
on December 4th, 2020 The euro is still going from strength to strength against the dollar, mainly due to dollar weakness.
November PMI data for the Eurozone was released yesterday, showing the sharpest contraction in services activity since May. This was due to restrictions and lockdowns put into place to curb the spread of coronavirus, which caused export business to decline and employment continued to fall.
Retail sales for October came in better-than-expected, but still showed a fall from the previous month.
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