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EURUSD Dips Below 1.05 as Recession Looms!

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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?

Timestamp

EURUSD 01:45

GBPUSD 03:05

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