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Turkish FinMin: Market trust in the USD has weakened

Turkish Finance Minister Berat Albayrak is now delivering a speech in Ankara with key quotes found below.

  • Country stands behind its banks, private sector.
  • Will continue to take measure within free market rules.
  • We have signed the framework agreement on loan restructurings.
  • Market trust in the USD has weakened.
  • The situation we are in will help us build a better financial structure in the future.

GBP/USD Technical Analysis: Bears keep Cable below 1.2800 figure

GBP/USD 15-minute chart GBP/USD daily chart Spot rate:               1.2775 Relative change:    0.06%      High:                      1.2828
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China: Disappointing growth heralds concrete policy support – Standard Chartered

Analysts at Standard Chartered point out that China’s real activity data for July was disappointing as industrial production (IP) growth remained slug
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