
Forex Market: EUR/USD pinned near two-month low as US debt talks approach deal, Germany enters a recession
May 26, 2023 8:59 am
EUR/USD remained pinned near a two-month trough on Friday as investors awaited the outcome of US debt talks, while the common currency was pressured by confirmation that Germany’s economy plunged into a recession during the first quarter. A final GDP estimate showed on Thursday that German economy had contracted at an annualized rate of 0.5% […] Read more