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Eurozone: Money supply and lending data awaited – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggest that investors focus in today’s session will be on release of Euro money supply and bank lending figures.

Key Quotes

“The progress seen in these figures might suggest a small upside risk to economic growth in H2. This could follow if higher bank lending was to result in more business investment but, with the recent emerging markets' turmoil, we see a higher downside risk from a spill-over to euro area sentiment.”

USD/JPY testing highs near 120.50

The Japanese yen remains weak vs. its American counterpart at the end of the week, now lifting USD/JPY to challenge session tops near 120.40...
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US: GDP likely to remain unchanged – TDS

Prashant Newnaha, Rates Strategist at TD Securities, suggests that the week will finish on a slow note, with the third and final reading of Q2 GDP expected to remain unchanged at very solid 3.7%.
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