EUR/USD remained under pressure on Wednesday, holding at 1.1629. The US dollar continues to draw support from difficulties in negotiations between the US and Iran, as well as a renewed escalation of tensions in the Middle East, which has increased demand for safe-haven assets. According to the US Central Command, Iran launched ballistic missiles towards […]
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UK service-sector activity slipped into contraction in May for the first time in more than a year, highlighting the growing economic impact of elevated inflation and geopolitical uncertainty. PMI Services (final) fell sharply from 52.7 Read more…
Eurozone business activity deteriorated further in May, adding to concerns that the region could slip into contraction in the second quarter. The final Composite PMI Output Index fell from 48.8 to 48.5, its lowest level Read more…
Scarcity has a way of making people forget there was ever another option. When one ingredient becomes the thing everyone needs at once, the price stops behaving like a price and starts behaving like a Read more…