Forex
Euro Steady Above 1.1610 Despite Weak German Data
The Euro remains steady above $1.1610 despite weak German Industrial Production data.
German Industrial Production declined by 1.1% in July, against market expectations of a 0.3% increase.
US Nonfarm Payrolls beat forecasts on Friday, but investors await US Consumer Price Index figures to assess the chances of a Fed rate hike next week.
The Eurozone's final Gross Domestic Product (GDP) is expected to confirm that the economy grew at a 0.4% pace in the second quarter on the year and 1.1% from the same period last year.