Not so long ago, Germany was considered the engine of the EU economy. When things went wrong for other countries in the bloc, there was always the hope that Berlin would come to the rescue. But now, it seems that the safety net is slowly deflating: the country's industrial production has fallen below 2017 levels, and the threat of recession is more real than ever, although the DAX seems to be holding steady. The pressure on the European Central Bank (ECB) has prompted rate cuts, with potential for further reductions, which could lead to a reversal in the EUR/USD trend even if the Fed cuts rates.The silver lining for markets is that the European Central Bank (ECB) has repeatedly cut rates, ci
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