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EMU: Labour Cost up 0.9% in Q2

FXstreet.com (Barcelona) - The Eurozone Labour Cost grew 0.9% in the second quarter of the year, down from +1.7% seen the previous quarter, according to data released by the Eurostat.

EUR/USD weakens below 1.3350

The bloc currency is now correcting lower from today’s peaks beyond 1.3380, dragging the EUR/USD to test the mid 1.33s after the release of consumer prices in the euro zone....
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Flash: Obama urges party to raise the roof - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that US President Obama has refused to back down over the need to raise the debt ceiling.
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