$EURUSD Forex Signal: Set to Grind Below 1.0800 as Bears Prevail
Slowing economic growth
The same trend happened in Europe. According to S&P Global, the composite PMI in Europe dropped to the contraction zone of 49.9. A PMI figure below 50 is a sign of contraction. In Germany and Italian composite PMIs dropped to 50.6 and 49.7, respectively.
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