Eurozone PMI Services was finalized at 51.4 in September, down from August’s 52.9. PMI Composite fell to 49.6 from 51.0, both hitting 7-month lows. This marks the first month since December 2023 that all of the big-three Eurozone economies showed signs of contraction. Spain led with a Composite PMI of 56.3, a 4-month high. However, […]
The post Eurozone PMI composite finalized at 49.6, all big three economies in contraction appeared first on Action Forex.
The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate Read more…
Eurozone PPI rose by 0.6% mom in August, exceeding expectations of 0.3% mom. On a year-over-year basis, however, PPI fell by -2.3% yoy, slightly better than the anticipated -2.4% yoy decline. Breaking down the monthly Read more…
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