Forex market tests for euro breakup
Consumer confidence rose from We believe that consumer confidence will increase further as employment continues to be a tailwind and uncertainty over a euro-breakup is fading with the outcome of the French election.
The manufacturing PMI rose from Seemingly, the weak manufacturing PMIs observed in recent months in the US and China did not drag euro-area PMIs down in May, but could still weigh on the June figures.
We expect PMIs to remain somewhat unchanged in June, as activity in the euro area is still strong, although risks seem tilted to the downside. The new orders is currently at a six-year high and the order-inventory balance, which is usually a good leading indicator, has started to diverge and could drag manufacturing PMI down in June. Additionally, the weakness in the external environment already mentioned could drag on export orders.
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The battle for the eurozone's soul: a reading list | Euromoney
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Testing the Euro Break up - CLS Bank | Finance Magnates
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Eurozone economy
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Currency Market Tests for the Return of Drachma - WSJ
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TOOLS Live Chart Rates Table Trading Positions Forecast Poll. Analysts from Danske Bank take a look into next weeks key economic events of the Eurozone.
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