Euro falls after weak PMIs weigh; Norway's crown shines

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LONDON : The euro fell across the board on Thursday after weak German and French PMI data confirmed the eurozone economy was struggling to gain traction, prompting traders to trim aggressive interest rate hike bets by the European Central Bank.

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The French June flash manufacturing PMI number fell to 51.0 points from May's 54.6, well below a forecast for a smaller fall to 54.0 points.

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Category: Economy

Topics: Rates Central Points Thursday Rate Hike Euro Powell Mediacorp Bank June

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 10:32:17

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 459 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5640

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 22m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #27

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