ForexLive European morning wrap: USD a little softer in an understandably gentle start to the week via ForexLive

Forex trading headlines from the European morning session 28 July

 News:

• Russia's Lavrov says US and EU sanctions will “not achieve their goal”
• Start hitting Russia where it really hurts says Merkel deputy
• Putin under pressure as Russia's rich list get twitchy over sanctions
• Central Bank of Ireland raises 2014 GDP forecasts from +2.0% to +2.5%

Data:

• Italian business confidence July 99.7 vs 99.9 exp
• Nikkei closes up 0.46% at 15,529.40

Summer hols, lack of data and a general apathy has produced a lack-lustre start to the week which has seen the USD give up some of its gains albeit in tight ranges.

More to follow

posted via ForexLive