FX.co ★ The euro market is doomed to fall under its own weight

EUR/USD, GBP/USD

Only for a moment did the disputes and assumptions about the degree of "softness of Brexit subsided, as the British pound painfully responded to the easing of weakened inflationary data released yesterday.

The euro rose by 75 points: moreover against the fall of the ZEW index of sentiment in Germany's business sector in July from 18.6 to 17.5 (forecast is 17.8) and the total for the eurozone fell from 37.7 to 35.6 against expectations of 37.2, and even against the mixed closing of the US stock market (Dow Jones -0.25%, S & P500 + 0.06%, Russell2000 -0.24%).

Today, good data on construction in the US is expected.

AUD / USD

On Tuesday, the minutes from the last RBA meeting were published, and, as expected, the central bank issued an optimistic picture of the current state and prospects for the economy.

Tomorrow, there will be data on employment in Australia for June.