Rabobank: Eurozone Q2 Data Resilient, But Growth Risks Cap Euro Outlook
Rabobank's Jane Foley notes that Eurozone Q2 GDP and PMI data surprised to the upside, yet lingering growth risks continue to pressure the euro.
EURUSD
Rabobank Senior FX Strategist Jane Foley noted that Eurozone second-quarter GDP and PMI readings came in above expectations, signaling economic resilience despite elevated energy prices and supply constraints.
The upside surprises, however, are being tempered by persistent growth risks that weigh on the euro. Foley’s remarks highlight the divergence between near-term data strength and a cloudier economic outlook.
As a result, the common currency remains vulnerable to these headwinds, with the positive data prints providing only limited support.
Source: FXStreet Forex News