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22nd Apr 2025 09:35EurozoneDaily Monitor

  • We look for a chunky decline in the April PMIs; falling new orders likely will bear the brunt of the hit. 
  • The euro’s rise is supported by strong portfolio inflows, which look set to continue in Q2.
  • Is euro strength a sign of a more structural shift in FX reserve portfolios? Perhaps, but it’s too soon to say.

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Keywords for: 23 April 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence