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Share: The Euro has ticked higher following the release of weaker-than-expected US PPI data, yet it remains within previous ranges, ahead of the outcome of the Federal Reserve’s meeting, due later today. US PPI data weighs on the USD The US, Producer Prices remained flat in November, against expecta

Share: Economy remains weak, inflation still high After a boom in 2022, the Austrian economy fell into recession from 2Q23. Industry and trade were particularly weak. Tourism supported the economy with a record number of overnight stays in the summer season. The labor market remains tight, even thou