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Grim PMIs knock euro, sterling to new lows as recession looms
Grim PMIs knock euro, sterling to new lows as recession looms
The euro slipped 0.8% to $0.97510, its lowest level since October 2020, after S&P Global's flash euro zone Composite Purchasing Managers' Index (PMI), seen as a good gauge of overall economic health, fell further in September.
The euro slipped 0.8% to $0.97510, its lowest level since October 2020, after S&P Global's flash euro zone Composite Purchasing Managers' Index (PMI), seen as a good gauge of overall economic health, fell further in September.