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Final July Euro Area Inflation - Action Forex

EUR/USD is still range bound around the 1.09 mark as has been the case for most of this week. Yesterday was a rather quiet session, and global risk sentiment continues to be the main driver of the cross, together with the rise in especially long US yields - probably driven by a confluence of factors like a large supply of Treasuries, better-than-expected economic data, US credit rating downgrade and BoJ's relaxation of the YCC.
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