The Euro is recovering after hitting a two-year low against the US Dollar, but faces pressure from widening yield gaps due to economic performance divergence.
Weaker-than-expected Ifo Business Climate Index for November reveals a pessimistic outlook in Germany, highlighting increasing concerns about the economic future.
The assessment of the current situation varied across sectors; improvement was noted in manufacturing and retail, while pessimism peaked in services and construction.
Data from S&P Global's PMI reports for November indicates a contraction in services and manufacturing activities across the Eurozone, deepening economic concerns.
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