EUR/USD News and Analysis Recommended by Richard Snow Get Your Free EUR Forecast Dwindling PMI Data Weighs on EUR/USD, Zone of Resistance Holds Firm PMI data for Europe continued the trend of weak data, underscoring the challenges faced by the continent as the global growth slowdown unfolds. On Monday a spike in bond market volatility
German Inflation Proves Stubborn, Narrowly Beating Forecasts Inflation in Germany proved hotter than expected, coming in at 6.1% vs 6% but down from last month’s print of 6.2%. Higher inflation in Europe complicates the ECB’s task particularly after ‘sources’ indicated that the committee is leaning more to the dovish end of the policy spectrum ahead
