The euro is hovering near $ 1.12 after weak German data


The euro remained near a one-month low on Thursday as fresh signs of weakness in the German economy fueled optimism over US-China trade talks and hopes for a softer exit from the European Union.

The euro has remained in the range of 1.12 to 1.16 since early 2019, despite the slowdown in the euro area economy, prompting the European Central Bank to launch a new stimulus.

The euro began to rise in early April as early signs of economic recovery and news that trade talks between the world's two largest economies are progressing. But caution returned after data showed German industrial orders fell in February.


Source link