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EC Downgrade Fails to Hurt Sentiment as "Soft Landing" Narrative Gains Traction

EC Downgrade Fails to Hurt Sentiment as "Soft Landing" Narrative Gains Traction

DailyFX, Research

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The ECB Downgrades Growth Forecasts for the Euro Area with Germany Cited as a Key Concern. German GDP for 2023 now Downgraded to -0.4%, Contractionary territory with the only Positive Being a Slight Fall in Inflation Expectations. Elsewhere, we Focus on the JPY and Potential Moves for Commodities.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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