Euro to languish as Germany's economy struggles – CMC Markets
Pan-European currency to maintain its slide even as Fed hits pause
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The euro’s slide against the US dollar is likely to continue in 2019 despite the US Federal Reserve's pause on interest rate hikes, as Germany’s manufacturing recession worsens and the prospect of an unfavourable Brexit weigh on the currency, says Michael Hewson, chief market analyst at CMC Markets.
“The European Central Bank will probably have to take a significantly more dovish guidance and potentially more loans
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