Day: May 31, 2021

Inflationary Pressures Deliver EUR Support

Energy prices continued to support a pickup in inflationary pressures, with Germany’s annual rate of inflation accelerating to 2.5%… The ECB doves have limited the upside for the EUR, however. Economic data from the Eurozone was on the quieter side this morning with inflation back in focus. In May, German consumer prices increased by 0.5%, …

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Markets cautiously optimistic in thin holiday trading, cryptos remain pressured

Markets are calm amid bank holidays in the US and the UK and after a volatile Friday. Investors seem to shrug off mixed data and virus concerns. Cryptocurrencies are on the back foot after suffering pressure over the weekend. German CPI is eyed. The US dollar is edging lower amid cautious optimism in markets and …

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