Eurozone GDP returns to growth in Q2, rises strongly by 0.4%

According to Eurostat, Eurozone Gross Domestic Product (GDP) growth turns positive in the second quarter this year after declining 0.2%  in the previous quarter. The GDP growth arrives at 0.4%, faster than estimates of 0.2%.

US Dollar: Fed reaction function clouds dollar outlook – MUFG

MUFG’s Derek Halpenny says the Fed’s decision to hold rates, combined with Chair Warsh’s unclear justification, steepened the Treasury curve and weakened the dollar. Rising inflation expectations and concerns over Federal Reserve (Fed) credibility now point to further depreciation risk.
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Canadian Dollar edges lower amid rebounding USD as traders await key US macro data

The USD/CAD pair attracts some buyers on Thursday and, for now, seems to have snapped a two-day losing streak to a more than one-week low, around the 1.4025-1.4020 area touched the previous day.
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