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Canada: Manufacturing sales likely to post a correction in June - TDS

Manufacturing sales for June are the lone economic release from Canada and both analysts at TD and the market are calling for a correction.

Key Quotes

“TD expects manufacturing sales to decline by 1.2% m/m, slightly worse than the -1.0% consensus, on a combination of weaker auto shipments and another leg lower in gasoline prices. This and a broader decline in factory prices should result in a more modest decline in real manufacturing sales.”

EUR/USD a test of 1.20 loses momentum – Danske Bank

In view of analysts at Danske Bank, the pair could still test the 1.20 region, although the potential up move seems to have run out of steam so far.
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Australia: July employment data was reasonable - BBH

Australia's July employment data was reasonable and will not change views of monetary policy, according to analysts at BBH.   Key Quotes “Australia
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