Christopher Nye
on May 24th, 2024 A mixed week for the euro, which strengthened by 0.5% against the US dollar and more than 1% against the yen. The single currency was supported by generally upbeat reports on eurozone economy, but high German wage rises are putting interest rate cuts in doubt.
Monday starts with the Ifo Business Climate report for Germany and continues into Wednesday with Germany’s GfK Consumer Confidence reading. Will they continue the good news on Europe’s economic engine room?
EUR/USD past year
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