Eurozone

EUR/USD goes dry above 1.0400 in calm market, Eurozone gas price structure watched

EUR/USD goes dry above 1.0400 in calm market, Eurozone gas price structure watched

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EUR/USD moved sideways above 1.0400 on less trading activity during Thanksgiving Day. The Federal Reserve is expected to drop the 75 basis point rate hike measure to shield the economy from financial risks. The European Central Bank is required to tighten policy further to slow inflationary pressures. EUR/USD should remain bullish as the risk appetite …

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Eurozone moves away from risk of deep winter recession

Eurozone moves away from risk of deep winter recession

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The likelihood that the euro zone will fall into a deep recession this winter is receding according to economists who have revised their projections downwards. Increased fiscal support from governments, lower gas prices and a mild autumn have all helped improve the bloc’s outlook. Most forecasters still expect eurozone output to contract in the coming …

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