European Central Bank Executive Committee Panetta: Long-term inflation expectations have remained stable.

European Central Bank Executive Committee Panetta: If the inflation situation deteriorates, further measures will be taken.

European Central Bank executive Panetta: Demand conditions in the euro zone are likely to remain weak.

European Central Bank Executive Committee Panetta: Core inflation will remain around current levels in summer.

European Central Bank Executive Committee Panetta: Underlying inflation is moderating.

European Central Bank executive member Panetta: Need to be more flexible to adjust our policy scope according to the latest data.

European Central Bank executive member Panetta: The risks to the inflation outlook have become more balanced, while the risks to the economic outlook have shifted to the downside.

European Central Bank executive Panetta: We must carefully adjust our monetary policy stance if we are to achieve the inflation target without harming economic activity.

European Central Bank executive member Panetta: Monetary policy may work not only by raising interest rates, but also by keeping policy rates at current levels for longer.

The financial website Forexlive commented on the PPI data in the euro zone in June: From the perspective of sub-items, the prices of intermediate products (-0.7%) and energy (-0.5%) fell, while the prices of consumer durables and non-durable consumer goods remained stable. At the same time, capital goods prices rose slightly (+0.1%) during the month. Excluding energy, producer prices would still have fallen 0.3% in June.

Kremlin: It is difficult to build a BRICS common currency in the short term.

The change in official reserves of the United Kingdom in July was US$923 million, compared with -US$17 million in the previous value.

Turkish Trade Minister: The increase in imports in 2023 is mainly due to gold imports.

The Mexican peso extended losses to 1.3% against the dollar.