A set of PMI figures revealed a significant drop in business activity in the Eurozone. US unemployment claims dropped, indicating tight labor market conditions. US inflation increased by 0.1% compared to estimates of a 0.2% increase. The EUR/USD weekly forecast shows a neutral bias as the Eurozone economy weakens and Fed rate cut bets soar….
The post EUR/USD Weekly Forecast: Downbeat EU Data Caps Gains appeared first on Forex Crunch.
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