Eurozone Economy - Results from #60

06 December 2023 Euro Pressured By German Factory Slump

The Euro is under pressure in midweek trade after data from Germany disappointed and suggested the downturn in Europe's largest economy was not over.

30 November 2023 Euro-Dollar Falls on Big Inflation Drop

Euro exchange rates retreated following the release of Eurozone inflation data that verified market bets for a number of European Central Bank (ECB) rate cuts to take place in 2024.

15 November 2023 Euro-Dollar Giving Back Gains, Industrial Production Disappoints

The Euro to Dollar exchange rate (EURUSD) returned some of the previous day's gains as markets pared back the previous day's outsized moves and after the Eurozone printed disappointing industrial p…

07 November 2023 Euro-Dollar Rally Stalls As "Germany's Macro Horror Show Continues"

EURUSD has stalled at 1.0750 amidst fears the U.S. Federal Reserve will push back against a recent loosening in financial conditions and as Germany prints another disappointing set of industrial nu…

31 October 2023 Euro Holds Gains After Eurozone Inflation Comes In Below 3.0% But Core Remains 'Sticky'

The FX textbook says the Euro should rise when inflation data beats expectations, as this boosts the odds for more bond yield-supporting interest rate rises at the European Central Bank (ECB).

30 October 2023 Euro Boosted After German GDP and Inflation Numbers Paint A Brighter Outlook

The Euro rose against the Dollar and British Pound on the penultimate session of October, helped by good news regarding the German economy.

24 October 2023 Euro Falls After Eurozone PMIs Signal An Accelerating Downturn

Eurozone PMI figures signal the Eurozone's economic downturn accelerated at the start of the year's final quarter, after private sector output declined at the steepest rate for over a decade (pande…

13 October 2023 Germany to Suffer Double-dip Recession: Deutsche Bank

Germany's largest bank says the domestic economy is set to suffer a double-dip recession sparking a negative feedback loop that will weigh on activity in 2024, ensuring the UK, France, U.S. and Ita…

28 September 2023 Euro Softer After Spain, German Inflation Prints Undershoot

Euro exchange rates are in focus over the remainder of the week as inflation prints are released from across Europe, starting in Germany where we have already seen an undershoot.

12 September 2023 Euro-Dollar Under Pressure: German Situation is "Ugly – and Could Get Worse"

Euro exchange rates were under pressure after the release of some "ugly" German economic data and economists warn the situation is unlikely to improve soon.

06 September 2023 Euro: ECB To Surprise With Hike Despite Recessionary Conditions says ING

Markets see less than a 50% chance of an interest rate hike from the European Central Bank (ECB) next week, an expectation that has to some extent facilitated recent weakness in the Euro.

28 July 2023 German and French Inflation Trend Lower

Fresh from its post-ECB drubbing, the Euro now faces a string of European inflation releases that could well determine whether another interest rate hike in September is likely.

07 July 2023 Lengthiest German Recession Since 2008 Now Possible After Industrial Output Shrinks in June

Germany's economic engine continues to misfire with data out Friday revealing another contraction in the manufacturing sector, setting up the prospect of a rare three-quarter-long recession.

30 June 2023 Euro Softens into a New Month as Eurozone Inflation Dents ECB Rate Hike Expectations

The Euro was softer across the board on the same day it was reported Eurozone inflation data for June undershot analyst expectations and confirmed easing price pressures across the bloc.

23 June 2023 Euro Slumps on "Dreadful" Eurozone PMI Release

EURUSD was under notable pressure ahead of the weekend following the release of economic survey data that one economist described as "dreadful".

08 June 2023 Eurozone Recession Won't Spook the ECB from Raising Interest Rates Again (and Maybe Again)

The ECB is likely to downplay the significance of the recession.

31 May 2023 EURUSD Under Pressure After German Inflation Points to Increased ECB Optionality

Euro exchange rates were under pressure after the release of a raft of softer-than-expected data releases from the Eurozone.

23 May 2023 Eurozone's Bumpy Expansion Continued in May But ECB Won't Like Signs of Strong Services Inflation: PMI Report

The Eurozone's economy continued to expand in May although a sharp deterioration in manufacturing activity and still-elevated price pressures are of concern, say economists.

28 April 2023 Eurozone GDP: Germany Being Left Behind

The Eurozone economy eked out growth in the first quarter of the year but looking at the details reveals Germany is proving a drag while peripheral nations such as Spain and Italy saw robust growth…

28 April 2023 Pound Sterling in Business Confidence Boost, Euro Eyes German Inflation Numbers

GBP/EUR was back under pressure at 1.13 ahead of month-end as the single currency remained favoured ahead of next week's European Central Bank (ECB) meeting.