ForexLive European FX wrap: Early cold wind from China recedes

Forex news, data and trading headlines for the European session 31 August
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We were risk off as the European session kicked off with stocks in Asia showing good losses. EURUSD kept the tone going by continuing its ascent which topped out 101 pips up from the lows at 1.1262. It didn’t take long for European players to take advantage of a stock comeback in Asia into the closes and we came off to around 1.1235/40. German retail sales we worth a few pips higher but that didn’t last, and not even inflation holding up in the EZ could turn their arm and 1.1200 was tested. A few pips were seen under the big figure and the euro looks to be trying to make a base there