Downside PMI Surprise Brought the Euro Closer to the Critical Zone

The European session on Friday started with a new wave of euro selling, which was supported by weak preliminary PMIs. According to June estimates, the strengthening of economic activity in the eurozone, which has been gaining momentum since October, is at risk of reversing. The composite index fell from 52.2 to 50.8, contrasting unpleasantly with […]

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