This is a clear signal that the economy is no longer flying into the abyss, as it was in April and May, but it is sliding there. As the activity continues to contract, the need for stimulus from governments and central banks continues to grow. However, Europe repeatedly proves that it is experiencing significant difficulties in agreeing on measures common to the entire eurozone. Such disagreements reduce interest in the euro as a protective currency, forcing investors to concentrate on the securities of individual countries.
The FxPro Analyst Team