The Euro has increased slightly today. Today (August 23), a series of preliminary August PMI data in the euro area will be released including manufacturing sectors in a severe recession and jobs in the service sector. The slowdown is also signaling weak Eurozone growth in Q3.
While the European Bank of China (ECB) remains largely focused on the task of leveraging policymakers, economic developments cannot be ignored, especially as the Eurozone is facing a major attack. emergency work.
Currently, the school is determining about a 68% chance that the ECB will increase its performance by 25 basis points in the next month. Today's data will likely have some impact. But these schools need to pay attention to ECB President Lagarde's statement in Jackson Hole and more importantly, the release data due next week.
While the European Bank of China (ECB) remains largely focused on the task of leveraging policymakers, economic developments cannot be ignored, especially as the Eurozone is facing a major attack. emergency work.
Currently, the school is determining about a 68% chance that the ECB will increase its performance by 25 basis points in the next month. Today's data will likely have some impact. But these schools need to pay attention to ECB President Lagarde's statement in Jackson Hole and more importantly, the release data due next week.
