EUR/USD is quite likely to stop falling at the current levels
Euro-area economy has been at the bottom for a long time. A drop in the PMI and Markit forecast for the GDP at 0.1% are not surprising. Another matter is the USA. The US economy had looked as a rock before September. It could be shaken by neither international problems nor domestic troubles. But everything has changed. The US PMI report proves that the US economy is not that strong as it thought to be. Following the poor reading of the manufacturing PMI, the services PMI data are also…
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