Euro Weakens on Manufacturing Contraction, Falling Consumer Confidence

Jun 22,2019 14:50   Source:Earnforex
The euro is tumbling against its major currency rivals at the end of the trading week, driven by disappointing manufacturing activity numbers for June and an underconfident consumer. The euro has been having a tough week, especially after President Donald Trump targeted the central bank for sending the euro lower by hinting at additional monetary stimulus to support the eurozone economy. The IHS Markit Eurozone Manufacturing Purchasing Managers’ Index (PMI) clocked in at 47.8 in June, up […]

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