Portugal Global Trade Balance: €-2.235B in July from €-2.016B in June

EUR/USD weakness points to 1.3100

Miserable results from the German industrial sector during July are intensifying the bearish tone surrounding the shared currency on Friday, pushing the EUR/USD to test the 1.3115/10 area...
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Cyprus parliament approves bailout legislation

On Friday, after an overnight marathon session the Cyprus parliament passed two bills on the restructuring of the banking sector, required by the international lenders in exchange for the first 1.5 billion euro tranche of the 10 billion aid package.
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