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US economy continues growth in July

Chicago Business Barometer increased its pace of growth, rising to 52.3 in July after having dipped in June to 51

By Richard Nehme | Aug. 1, 2013 10:43 BST
Euro continues to benefit from weaker USD
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International news

EUR/USD traded within a fairly tight range for most of the morning session. Upon the release of the US/GDP we saw EUR/USD post a low of 1.3206 as the market eagerly awaited the result. During the afternoon, we saw EUR retrace earlier losses as the market prepared itself for the FOMC statement release yesterday evening. The pair now trades at 1.3249 [...]

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