European Monetary Union ZEW Survey – Economic Sentiment came in at 61.2, below expectations (84.4) in July

German ZEW Economic Sentiment Index slumps to 63.3 in July, EUR/USD tests lows

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AUD/USD: RBA to be unable to prevent further rises if commodity prices remain high – SocGen

There were two key surprises in the RBA Board’s July statement: the tapering of weekly purchases to AUD4 B per week and the change to the forward guid
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