Charles Purdy
on July 3rd, 2023 The single currency has taken a bit of a dive this morning, weakening by up to 0.5% against most major rivals.
We’ve seen fairly disappointing manufacturing PMI data this morning, especially in Germany where a reading of 40.6 is the lowest reading since Covid-19 hit.
There is plenty of industrial data coming out this week, and it will be interesting to see the effects of the ECB’s largely successful measures to curb inflation on the rest of the economy.
EUR/USD past year
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