Breaking: EUR/USD drops below 1.0200 for the first time since December 2002 – by FXstreetNews Breaking EURUSD Currencies Majors
The pair is already down nearly 3% since the beginning of July. Investors grow increasingly concerned over the energy crisis causing the European economy to tip into recession before the end of the year. Earlier in the day, the data published by Eurostat revealed that Retail Sales in May rose by 0.2% on a monthly basis, missing the market expectation for an increase of 0.4%.
Later in the day, the ISM Services PMI report from the US will be looked upon for fresh impetus. Later in the day, the US Federal Reserve will release the minutes of the FOMC's June policy meeting.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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