EURUSD Dips Below 1.05 as Recession Looms!
Recession fears were heightened yesterday as Morgan Stanley expects the euro area to slide into a mild recession in Q4.
With the rising inflation rates, food shortages and negative GDP data, analysts are fearing the worst.
Europe isn’t the only nation however, as America is on a similar path with their negative data.
So, who will slide first, and what will the consequences be?