Preliminary data released earlier showed that the euro zone’s manufacturing purchasing managers’ index slumped to a 28-month low November, falling to 46.4, down from 47.1 in October.
Manufacturing output in Germany dropped to a 28-month low of 47.9, underlining fears that the euro zone could be slipping into a recession.
Following the release of the Eurozone flash PMI for November at 4 am ET Wednesday, the euro changed little against other major currencies.
As of now, the euro is worth 1.3453 against the dollar, 103.63 against the yen,and EUR/CHF dropping 0.19% to hit 1.2322.The euro was also lower against the pound, with EUR/GBP slipping 0.10% to hit 0.8631.
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