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Flash: USD firms across the board - BBH

FXstreet.com (London) - Brown Brothers Harriman analysts note that the US dollar is firmer across the board.

However, the note that this firming comes within a consolidative phase after sharp losses over the past couple of sessions amid greater uncertainty over the timing of the Fed's exit strategy from its exceptionally easy monetary policy. They write, “It is not clear that the adjustment is over. Bernanke's semi-annual testimony to Congress next week is anxiously awaited, especially given the volatility his comments have injected in recent weeks.”

US: Annual Producer Price Index grows more than expected in June

On an annual basis the US PPI increased 2.5% in June, following 1.7% growth in May, according to data released today by the Bureau of Labor Statistics . Analysts pointed to a 2.1% rise. On a monthly basis PPI climbed 0.8% in June, up from the 0.5% in March and above expectation of +0.5%.
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Flash: EUR/USD holds bearish bias - BTMU

Bank of Tokyo Mitsubishi UFJ analysts see EUR/USD holding a bearish bias and see spot ranging between 1.2850 and 1.3150.
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