8:12 ص |
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The latest bread-and-butter abstracts out of the eurozone is pointing to a accessible recession, and that has the euro accident arena to the US dollar today. Business action in the eurozone showed an abrupt abbreviating for the ages of February, and that is adopting fears of bread-and-butter slowdown.
According to Markit Economics, the eurozone’s blended purchasing managers’ basis alone to 49.7 in February, from the 50.4 it showed in January. Abounding had accepted the basis to acceleration to 50.8, and the abbreviating beneath 50 has taken abounding by surprise. The aftereffect is a hardly weaker euro adjoin the US dollar.
The bread-and-butter abstracts is black to many, who had hoped that the eurozone’s troubles would be abatement now that a Greek debt accord has been reached. Even admitting there are still doubts about how the Greek debt accord will assignment in the continued term, as able-bodied as apropos that added eurozone countries could be in the aforementioned blazon of trouble, there had been bigger expectations for the economy.
Now, though, analysts are apprehensive if it’s time to amend eurozone growth, and whether or not the 17-nation affiliation could be headed for recession.
At 15:25 GMT EUR/USD is bottomward to 1.3223 from the accessible at 1.3233. EUR/GBP is college at 0.8441, up from the accessible at 0.8389. EUR/JPY is additionally college at 106.2050, up from the accessible at 105.5250.
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