Now: Dollar Weakness Continue
The sentiment of the market remains negative but the dollar still unable to gain any momentum from it. Euro is one of the best performers yesterday as more and more ECB policymakers state that the 50-basis points rate hike is incoming. GBP on the other hand unable hold ground after the released of the macro economy data which is softer than anticipated.
PMI data become the main attraction yesterday. Overall, the data show that the growth of the economy in Europe is slower that expected with the exception of German in which show a slight improvement in the economy growth.
25 May 2022