Austria Unemployment down to 319.9K in July from previous 320.2K

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Aug 3, 2015

Weak China data and oil prices hurt commodity currencies

Commodity currencies have taken a hit on Monday due to renewed selling in Chinese equities triggered by a weak manufacturing data.

USD/JPY strongly bid near 124.20

The US dollar extends gains versus the Japanese currency in the mid-European trades, now lifting USD/JPY to fresh session highs beyond 124 barrier, as traders lock-in in gains on their USD shorts after the recent weakness heading into a heavy US economic calendar in the week ahead.