Euro Starting to Struggle as Growth Momentum Slips – PMIs This Week 

The Euro was the second worst major performer this past week, losing -0.95% to the top US Dollar, while gaining only against the beleaguered Australian Dollar, by +1.44%. By no means was this severely negative for the Euro, but no longer are the positive fundamental drivers providing the same spark – namely speaking sustained low Italian and Spanish yields and a lack of deflation appearing in regional CPI readings.


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