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EMU: Consumer Confidence deteriorates further in September

FXStreet (Łódź) - Eurozone Consumer Confidence declined to -11.4 in September, from -10.0 in August, the European Commission reported on Monday. This result is in line with market consensus.

Eurozone Business Climate fell to 0.07, from 0.16, below expectations of a decrease to 0.10.
The Economic Sentiment Indicator slid to 99.9 from 100.6 and below forecasts of declining to 100.0.

Industrial Confidence decline accelerated from -5.3 to -5.5, above expectations of -5.8. Services Sentiment grew to 3.2 from 3.1 and against market consensus of falling to 2.6.

EUR/GBP will have opportunities to break below 0.78…later

EUR/GBP opened the day at 0.7809, and spent the Asian session within 10-pip range; it started Europe around 0.7810 area, and is still there.
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EUR/USD any recovery would be ephemeral – Danske Bank

Kasper Kirkegaard, Chief Analyst at Danske Bank, expects the downside in the EUR/USD to persist...
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