Market Overview

Midday EUR roundup

A single currency continues its recovery to the dollar in the morning on Friday, increased above 1.1410 at one point.

Bullish: confirmed increasing in inflation for euro area to 2.1% in July; continued markets recovery on trade talks between China and the U.S.

Bearish: growth in Italian bond yields; renewed pressure to TRY; the five months decline in eurozone’s current account surplus.

Next focus on: U.S. UoM Consumer Sentiment

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