Switzerland: UBS Consumption Indicator at 1.41 in July

FXstreet.com (Edinburgh) -The Consumption Indicator sponsored by UBS dropped to 1.41 in July from 1.44 in the previous month.

Aug 28, 2013

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.

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.