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Italian consumer confidence hits yearly high

The index of consumer confidence in the eurozone's third-largest economy rose to 97.3 in July from 95.8 in June

By Richard Nehme | July 26, 2013 10:23 BST
Euro continues to benefit from weaker USD
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International news

EUR/USD opened the European markets trading at 1.3236 however after the release of German IFO Business Climate reading which showed 106.2 improved from previous 105.9, the pair posted a low of 1.3170. The pair did recover during the afternoon session to trade back at 1.3235 due to poor core durable goods from the States which came out 0.0% from a forecast of 0.5% [...]

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