Italy Global Trade Balance came in at €8.24B, above forecasts (€4.77B) in July

US Dollar: Rising yields support risk-off tone – MUFG

MUFG’s Lee Hardman notes the US Dollar (USD) has strengthened ahead of the FOMC meeting as Fed tightening expectations are repriced higher. The US Dollar Index (DXY) has recovered to levels seen before the August Treasury buyback announcement, with US yields rising sharply.
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Italy Trade Balance EU down to €1.251B in July from previous €1.577B

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