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German conservative parties agree to nominate Merkel as chancellor candidate for Sept election

Reuters quoting sources familiar with the matter, the German conservative parties agree to nominate Merkel as chancellor candidate for federal election in September.

Signs of exhaustion apparent in USD/SGD

Signs of exhaustion apparent in USD/SGD
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GBP/USD off session low, but remains capped below 1.25 mark

The GBP/USD pair has managed to recover early lost ground and now seems to make a fresh attempt towards clearing 1.2500 psychological mark barrier. 
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