is slowing down amid the most aggressive tightening cycle of the European Central Bank . This underpinned the Greenback, alongside Fed officials giving a green light for higher rates. The EUR/USD is trading at 1.0726, with losses of 0.63%.
Risk aversion triggered flows towards the Greenback; consequently, the Euro dropped. Data-wise, the Eurozone revealed its Producer Price Index for July, which came at -0.5% less than estimates of -0.6% contraction, though worse than June’s -0.4% plunge. Despite showing the inflation trend continues downwards, inflation on the consumer front remains above 5%.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: