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EUR/USD Starts Week with Gains

August 12, 2019 by

EUR/USD started the week with gains. Monday’s session was quiet, without major events, and markets were driven largely by persisting concerns about the US-China trade conflict.

Treasury budget widened to $119.7 billion in July from $8.5 billion in June, matching forecasts. (Event A on the chart.)

On Friday, a report on PPI was released, showing an increase of 0.2% in July, matching market expectations. The index rose 0.1% the month before. (Not shown on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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