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Turkey's Erdogan: Converting FX to Liras would be the nation's best response

Turkish President Tayyip Erdogan, speaking in Bayburt asked people to convert their FX savings into the Turkish Lira and it would be the best response to the situation.

Key headlines:

   •  Those with FX, gold under the pillow must convert to the Turkish Lira.
   •  The dollar cannot block out path.
   •  It's a national, local struggle and all hardships will pass. 
   •  Turks will respond to those who start an economic war against Turkey.

USD/CAD Technical Analysis: Struggles to make it through 50-DMA ahead of US CPI, Canadian jobs

   •  The 50-day SMA continues to cap the pair's recent bounce from a confluence support, comprising of 100-day SMA and 50% Fibonacci retracement leve
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US: Core CPI likely to grow by 0.3% in July - Nomura

Analysts at Nomura expect a 0.3% (0.260%) m-o-m in US core CPI inflation in July and if realized, the 12-month change rate would remain at 2.3% (2.350
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