The Euro (EUR) the Euro led the market lower falling against most currencies with EU debt concerns dominating ahead of the ECB rate meeting on Thursday. July Retail Sales increased 0.2% vs. -1.2% previously. EUR/CHF and EUR/JPY fell heavily with the risk off environment. Looking ahead, Q2 GDP forecast at 0.2%. Also, July German Industrial Orders forecast falling -1.5% vs. +1.8% previously.
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