Major overnight headlines:
• European industrial production data mixed in May; Dutch & Italian weaker than expected, French better
• Bank of Italy: sees credit market tensions “increasing” in the months ahead; banks non-performing loans rise 22% YoY
• ECB’s Coeure says euro area still “engulfed in a severe crisis”, Thomson Reuters
• Li says Chinese trade data may reflect “true picture” after crackdown on speculative flows, Market News International
Read the full report: FX Daily
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