The ECB dispute could be damaging for the euro-area economy
When it is about divergence, technical analysts remember the divergence between the price chart and the indicator, fundamental analysts think about the divergence in monetary policies and the GDP growth rates. The growth-gap between the euro area and the U.S. encouraged the EUR/USD bears to test bottom of the consolidation range 1.0995-1.1095. While the U.S. manufacturing PMI hit 5-year high in September, its German counterpart dropped from 43.5 to 41.4, which is the worst performance for over a decade.
Trade wars, due to the disruption of supply chain and the…
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