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November 22, 2024

EUR/USD Breaks Below 2023 Low as PMI Figures Disappoint

The EUR/USD currency pair has broken below its 2023 low following the release of disappointing PMI figures. Both the Flash Manufacturing PMI and Flash Services PMI for Germany and France have fallen below the crucial 50.0 mark, indicating a slowdown in Europe’s economy. Investors are reacting to these economic indicators as they reassess their positions. The decline in EUR/USD reflects the growing concerns over economic growth prospects within the eurozone, making this a critical moment for traders.

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