 Euro suffers broad based selling today, except versus Australian Dollar, as Turkish Lira crisis re-emerges. Notable rally is seen in USD/TRY which is up around 3% at the time of writing. On the other hand, Sterling, Swiss Franc and Dollar take advantage of the situation and rises broadly. Canadian Dollar is mildly softer as markets are awaiting day 2 of trade talks between Canada and the US. "MILK" is believed to be a main issue as White House top economic advisor Larry Kudlow indicated. But given then Mexico has concessions in their part, the progress could be quick for US and Canada. In other markets, European stocks are mixed with FTSE trading down -0.31% at the time of writing. DAX is up 0.11% while CAC is up 0.20%. German 10 year bund yield is up 0.019 an breaches 0.4 handle. The move is driven by news that German government could eventually provide financial aid to Turkey to guard off contagion. The rise in German yield could continue to push US treasury yield higher today. Gold is now in consolidative mode but appears to be holding 1200 handle well. Released in US Q2 GDP growth was revised up to 4.2% qoq, from 4.1% qoq. GDP price index was unrevised at 3.0%. Canada currency account deficit narrowed to CAD -15.9B in Q2. | 
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