German finance ministry sees subdued economic activity over winter

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Germany’s finance ministry expects activity in Europe’s biggest economy to remain subdued during the fourth quarter of this year and first quarter of next and sees declining inflation rates during 2023, it said in its monthly report per Reuters.

EUR/USD remains unchanged around 1.0600, paying little heed to the news, as traders await the US GDP data for fresh impulse amid the year-end holiday mood.

Also read: Forex Today: Little action across the FX board

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