China’s Soft Trade Data Are Negative For Euro
Strong Bullish
100.0
The euro fell, and ING said China’s soft trade data was unwelcome news for the currency, adding that the euro might have established an important low of $1.1470 this week, but more clarity on the slowing U.S. jobs market was needed for a rally to unfold.
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
