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Currency Analyst since 2010

European news in brief

SNB resident Thomas Jordan: the central bank has no intention to change or scrap a franc ceiling of 1.20 versus euro.

Bundesbank: German economy grew strongly in Q2. More moderate growth expected in Q3.

Portugal: President Anibal Cavaco Silva earlier ruled out elections and gave support to Prime Minister Coehlo saying that “the government has the support of an unequivocal majority in parliament.”

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