Germany: Import Prices rose 0.3% MoM in July

German Import Prices expanded above estimates 0.3% on a monthly basis during July, although contracting 2.6% over the last twelve months.
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Flash: EUR/USD not the best option for geopolitical risk trade - BMO Capital Markets

Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets notes that trading EUR/USD purely on the basis of rising geopolitical tensions related to Syria and the MENA region will be difficult for the time being as the pair reflects a build-up of macro economic views.
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