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The Euro Looks for a Basis for Another Upward Surge
Business activity indices in the eurozone
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Business activity indices in the eurozone are declining amid heightened uncertainty. The composite index in April fell from 50.9 to 50.1, nearing contraction territory.At the same time, Germany's Ifo Business Climate Index rose, as did the current conditions index, while only the expectations index slightly declined, reflecting uncertainty about the future. As inflation in the eurozone continues to decrease, the European Central Bank faces the need to cut rates in June. However, according to Reuters, there is
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