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Euro Lifts on GDP, Aussie Slips on Positioning

The GDP report lifts the euro but retail sales leave the kiwi cold - it's time for your FX Fix.

Euro zone GDP shrank as expected in the second quarter, with France and Germany performing above forecasts, and the euro rose. [CNBC]

Investors who sold the euro against the Australian dollar unwound some of their positions, and the Australian dollar slipped. [fxstreet.com]

Retail sales were stronger than expected in New Zealand, but the news failed to lift the New Zealand dollar. [WSJ]

British inflation unexpectedly rose in July, beating forecasts, and the pound lifted briefly. [dailyfx.com]

The yuan closed modestly higher after a dip in the dollar sparked a rally, and traders said excess dollar buying seemed to be fading. [CNBC]

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