Forex News EUR/USD hits the day's low at 1.5652 after the July Ifo survey disappoints on all levels. The closely-watched business climate index slumps to 97.5 from a revised 101.2 in June and against the forecast of 100.2. This comes after the earlier-than-expected-release of flash euro zone PMI's also disappoint with services at a 5-year low 48.3 and manufacturing also firmly in contraction territory at 47.5.
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