EUR/USD Faces Weakness Due to Disappointing German Data
Recent weak economic signals from Germany, including soft retail sales and a 5.4% drop in factory orders, have contributed to the euro’s decline against the US dollar. Scotiabank’s Chief FX Strategist highlights these factors as catalysts for the continued weakening of the EUR/USD pair. As traders analyze the landscape, vigilance is necessary ahead of future economic reports that may influence the euro’s trajectory.
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