The euro could keep rising
According to the latest data, Germany's composite PMI rose to 49.7. The Eurozone's composite index also moved up to 50.2 and surpassed the 50-point mark for the first time since June 2022. This hints at weakening pressure on the Eurozone economy. If we add to that ECB President Christine Lagarde's hawkish position, we can suppose that the EUR/USD pair will continue to rise.
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