> Italian stats agency says growth likely to be more gradual than was expected at the start of the year

Italian stats agency says growth likely to be more gradual than was expected at the start of the year

Monday, 30/06/2014 | 15:14 GMT

Headlines from ISTAT:

GDP likely to show weak growth across whole of 2014
GDP seen between -0.1% and +0.3%
There are still no clear signs that deflationary risk is receding in Italy

The consensus on Italian growth is +0.3% so the downside risks are mounting but EUR/USD is still near the highs of the day as it flirts with 1.3700. Quarter-end US dollar selling is dominating.