Meanwhile, Consumer Climate figures in Germany, which fell to the lowest levels in more than two years, in addition to the widening gap in bond yields in favor of US Treasuries, put more pressure on the euro and prevent stopping the downward trend.
Today's GfK Consumer Climate figures deepen the gap in economic performance and the sentiment about the future between the Eurozone and the US.
This continued divergence in economic performance would lead to different paths for both inflation and interest rates across the two economies, which could ultimately be reflected in a further widening of the bond yield gap.
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