Eurozone HCOB Composite PMI above forecasts (48.9) in September: Actual (49.6)

Oct 3, 2024

Eurozone HCOB Services PMI came in at 51.4, above expectations (50.5) in September

EUR/USD slides lower on increasing pessimism about European economy, tighter Fed, USD haven flows

EUR/USD trades in the 1.1030s on Thursday, about a tenth of a percent down on the day as geopolitical risks increase demand for the safe-haven US Dollar (USD) while the Euro (EUR) weakens amid a gloomy economic outlook for the old continent.