EUAs climbed above 49€/t on short-covering and soaring gas market
The forecasts of surging wind and solar production pressured the power spot prices for today, although the expectations of overall lower temperatures might have limited…
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At the same time, the rebound of the USD reflects both this nervousness, but also the possibility that the anticipated tightening of ECB policy will be lighter than expected.
Japanese GDP growth was revised from +0.3% to +0.5% q/q in Q2. The economic calendar is still light today. The euro is trading below USD 1.184.