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Forex News

European Parliament Adopts Euro Role Report

A single-source account says the European Parliament adopted a report on the global role of the euro and that sovereign yields rose markedly.

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  • A single-source account says the European Parliament adopted a report on the global role of the euro.
  • One account describes the increase in sovereign yields as marked.
  • The euro area economy performed somewhat better than expected in the first half of this year, according to one account.

Report and Rates

A single-source account says the European Parliament adopted a report on the global role of the euro. One account puts the increase in sovereign yields at marked.

Low-angle close view of layered, fanned sheets of blank vellum and high-fiber paper clipped with a brass binder, textures and edges filling the upper part of the frame while the bottom remains empty and quiet.
European Parliament Adopts Euro Role Report

Growth Backdrop

The euro area economy performed somewhat better than expected in the first half of this year, one account says. Growth is expected to slow next year, according to the same single-source material.

Europe's economy is expected to face numerous headwinds, including energy-related disruptions and the impact of this summer's extreme weather events.