European Monetary Union ZEW Survey – Economic Sentiment below forecasts (-10.2) in July: Actual (-12.2)

USD/CAD recovers modest intraday losses, upside potential seems limited

The USD/CAD pair comes under some renewed selling pressure on Tuesday and drops to a four-day low, around the 1.3245 region during the early European
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German ZEW Economic Sentiment Index drops to -14.7 in July vs. -10.0 expected

Germany’s ZEW Economic Sentiment Index declined to -14.7 in July. EUR/USD is battling 1.1000 after the mixed ZEW surveys.
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