Industrial manufacturing growth slows in Eurozone
Eurozone industrial manufacturing rose by 2% in annualised terms, although the majority of analysts forecasted a stronger growth rate drop to 0.5% annually.
Eurozone industrial manufacturing rose by 2% in annualised terms, although the majority of analysts forecasted a stronger growth rate drop to 0.5% annually. Nevertheless, the euro reacted by falling against the dollar since a significant slowdown in the European economy's growth rate is still taking place. It's likely that the EUR/USD pair will continue to correct.
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