EUR/USD: consolidate on China for now – Scotiabank

By FXStreet FXStreet (Guatemala) – Shaun Osborne, Chief FX Strategist at Scotiabank, noted that little changed in quiet ranges for the euro of late.

Key Quotes:

“The head of the German export industry group expressed concern that China’s “structural” problems may be larger than the government admits and that slower growth may persist.”

“German export growth to China slowed modestly in H1, but alongside domestic auto-sector challenges, a slowdown in a major export market will be of prime concern to German industry.”

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Source:: FX Street