Euro Pressured by Weak Economic Data

Euro Pressured by Weak Economic Data

The euro is under pressure following weaker-than-expected economic reports from Germany and France. Analysts are concerned about slowing growth in the Eurozone, which may limit the European Central Bank’s ability to raise rates further.

Potential Eurozone Recession

Fears of a recession are growing, and if confirmed, the euro could continue to slide against the U.S. dollar and Japanese yen in coming weeks.