A very significant week for Europe’s economy coming up, comfortably topped by German output data on Wednesday that’s expected to show a contraction in the second quarter. That could serve to increase the volume on demands from the European Central Bank for looser fiscal policy to try to tackle the slowdown, something austerity-embracing Germany has steadfastly refused to pursue
Trading Central – EUR/USD
Yen firmer on US-China trade risks; UK politics/ Brexit drama in focus
Amongst the G10 currencies, the Yen was the best performer, having sent the USD/JPY pair to 105.31 lows before recovering to 105.50 region. The Antipodeans traded with minor gains amid lingering trade worries and central banks’ easing bias.
Trading Central – USD/JPY
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