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We expect no change to the final euro area service PMI

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Market movers today We expect no change to the final euro area service PMI, but look for some upside surprise in service PMI for Spain and Italy compared with consensus expectations. In terms of the second release of euro area GDP for Q2, it will be interesting to see the underlying components showing us to what extent growth was driven by domestic or foreign demand. We will also get data for July euro area retail sales. In the US, the trade deficit is expected to widen again after a Reported by FXstreet.com 3 hours ago.

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