ECB's Makuch: Risk of euro zone recession is very low

The ECB's Governing Council member and Slovak central bank Governor, Jozef Makúch, has recently crossed the wires arguing that the of a recession in the euro zone was very low amid improvements seen in some indicators and the resilience of the German economy.

Source: Reuters.

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USD/CAD gains some positive traction, climbs beyond 1.3400 mark after mixed US housing data

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