Monday, 23 September 2019

EUR/USD Price Slumps as Germany PMI Data Points to Recession

The Euro broke back below 1.1000 against the US dollar after the latest IHS Markit PMI numbers all but confirmed that Germany is entering a recession.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...