ECB rate cut piles pressure on Euro

The European Central Bank has lowered interest rates for the third time this year, as inflation in the eurozone shows signs of easing and the economy struggles to regain momentum. Thursday’s quarter-point

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Eurozone PMI stokes ECB rate cut bets

The Euro-Dollar currency pair struggles to hold the key support of 1.1100 in Tuesday’s European session after a sharp decline on Monday. EURUSD remains under pressure as Monday’s flash HCOB Purchasing Managers

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Sluggish Eurozone PMI weighs on Euro

The EURUSD currency pair weakened to near 1.0830 Wednesday, as the preliminary Eurozone Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI) report for July showed that composite numbers unexpectedly eased due to

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Traders await Eurozone consumer confidence

The Euro-dollar EURUSD currency pair is retracing recent gains, trading around 1.0870 on Tuesday, with markets awaiting the release of the leading consumer confidence data by the European Commission later in the

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Euro falls sharply after weak Eurozone PMIs

The EURUSD faces selling pressure in Friday’s European trades due to multiple headwinds. The major currency pair declined to a six-week low near 1.0670 as the Euro weakened after downbeat Eurozone preliminary PMI

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