Daily Insight -- Euro extends gains
​The euro was up 0.1% to 1.1647 EUR/USD on Tuesday, as a result of the following: (1) the ongoing US political debacle in the Trump administration, and (2) Germany's business climate index's increase to an all-time high of 116.0 in July from June's 115.2, versus an expected decline to 114.9. Moreover, Yves Mersch, member of the executive board of the ECB, said that the ECB should maintain its current monetary policy it achieve its inflation target.
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