International News
EUR/USD dropped to lows of 1.0847 after data showed that Eurozone service sector growth slowed in July. Eurozone PMI fell to 53.9 from June’s four year high of 54.2. The pair rose to 1.0928 after the release of weaker than expected US data before consolidating at 1.0870. The pair remained range bound overnight between support at 1.0855 and resistance at 1.0944
Eurozone retail sales figures also helped push the euro lower, after falling -0.6% in June from 0.1% the previous month, with the YoY reading falling to 1.2% from 2.4% previous [...]
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