Forex Market Update


The end of the joy ride in EURUSD?

With Trichet managing once again to talk down the euro, a flood of unwinding in EURUSD is ensuing.


MAJOR HEADLINES ? PREVIOUS SESSION
? SW CPI Headline Rate MoM/YoY (Jul) out at -0.1%/4.4% as expected.
? SW CPI Underlying MoM/YoY (Jul) out at -0.3%/3.2% vs. -0.3%/3.2% expected.
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