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Euro (EUR) Latest: EUR/USD Treads Water Ahead of FOMC and US Data Releases

November 23, 2022

Via: DailyFX

The latest Euro Area flash PMIs beat to the upside this morning but still remain entrenched in contractionary territory. The data suggests the Euro Area economy shrinking by around 0.2% in Q4, and while November’s figures were better-than-expected, a recession looks likely, ’though the latest data provide hope that the scale of the downturn may not be as severe as previously feared’ according to data provider S&P.

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