EUAs extended gains over the first session of the year
The power spot prices sharply rose yesterday in northwestern Europe, buoyed by higher gas and carbon prices combined with forecasts of stronger demand and dropping…
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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.