Euro Stays Stable
The US dollar is trying to restore upside momentum against most major currencies. The euro remains the strongest major currency. Commodity currencies remain unstable today. WTI crude oil falls below $49.
Eurozone Sentix investor confidence fell to a level of 27.7 in August. Meanwhile, expectations gauge fell to 16.0, compared to 19.8. Germany's industrial production fell 1.1% mom in June. Swiss currency reserves rose to 714 billion Swiss francs in July. The Swiss consumer price index fell by 0.3% mom and rose by 0.3% yoy.