EUAs temporarily climbed back above 60€/t
Driven up by forecasts of much weaker wind output, lower French and Belgian nuclear availability and higher power demand, the power spot prices for today…
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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.