escription to participate! Close alert EUR/USD: Some corrective weakness in the EUR in the short run – Scotiabank NEWS | 09/23/2024 12:15:00 GMT | By FXStreet Insights Team Eurozone PMI data were soft all round this month. German and French data all reflected weaker or slowing activity, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR dips as weak PMIs support mild contraction outlook “French Services slumped after the Olympic boost faded and both French and German Composite readings are below 50 now, putting the preliminary Eurozone Composite data at 48.9, down from 51 in August and well below the 50.5 expected. Yields slipped, driving spreads against the USD wider as markets priced in marginal more risk of an October ECB rate cut (10bps priced in).”