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PMIs dent a US growth slowdown narrative - Monex Europe

Summary by Monex Europe

USD After a rough few weeks for the dollar, recent days have seen something of a turnaround, with this pattern continuing yesterday, seeing the DXY index rise 0.25pp. This latest rally was largely underpinned by a set of PMI releases that marginally undershot expectations in Europe, while US figures delivered a barnstorming set of readings. Indeed, the composite US print climbed to 53.5, up from 51.6 the month prior and well above expectations f…

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PMIs dent a US growth slowdown narrative - Monex Europe

USD After a rough few weeks for the dollar, recent days have seen something of a turnaround, with this pattern continuing yesterday, seeing the DXY index rise 0.25pp. This latest rally was largely underpinned by a set of PMI releases that marginally undershot expectations in Europe, while US figures delivered a barnstorming set of readings. Indeed, the composite US print climbed to 53.5, up from 51.6 the month prior and well above expectations f…

9 days ago

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Monex Europe broke the news in 9 days ago on Tuesday, March 25, 2025.

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