Euro: Gradual recovery from Warsh sell-off against US Dollar – ING

ING’s Chris Turner writes that EUR/USD is grinding higher as markets reverse the earlier sell-off triggered by Kevin Warsh’s speech, with the pair moving back toward 1.1650. A softer Dollar backdrop versus EMFX and pro-growth G10 currencies supports the Euro.
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Eurozone Retail Sales (MoM) came in at -0.6%, below expectations (0.3%) in July

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