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EUR/USD Outlook: Eurozone Business Slump Dampens Outlook

by Forex Crunch
October 24, 2024
in Forex Analysis
Reading Time: 1 min read

Data on Thursday revealed that Eurozone business activity remained weak in October.  Markets are fully pricing a 25-bps ECB rate cut in December. US PMI numbers will show the state of business activity. The EUR/USD outlook leans south despite a short rebound as data revealed poor business activity in the Eurozone. However, the pair edged…
The post EUR/USD Outlook: Eurozone Business Slump Dampens Outlook appeared first on Forex Crunch.
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