EURUSD

٢٢ يونيو ٢٠٢٤

The Euro extended losses to below $1.069 after weaker-than-expected PMIs for June raised concerns about a setback in economic performance of the Euro Area, raising bets the ECB could deliver further interest rate cuts. Flash PMIs showed manufacturing unexpectedly contracted at a sharper rate in the Eurozone, Germany and France. The services sector also posted a surprise slowdown in the Euro Area and Germany and a bigger decline in France. The common currency lost nearly 0.2% on the week, holding at seven-week lows, pressured by political turmoil in France and a general dollar strength as the Federal Reserve is lagging behind other major central banks in easing policy.

١٨ يوليو ٢٠٢٤

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