The Euro (EUR) the EUR/USD fell back from 1.3670 to 1.3570 in gentle trade as the recent rally came under profit taking pressure. The negative EFSF news did not have much of an effect with most analysts seeing the Slovakia vote passing soon. ECB President Trichet spoke and noted that the EU crisis was becoming more systemic. Looking ahead, August Industrial Production forecast at -0.7% vs. 1% previously.
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