Spot prices torn between the dropping temperatures and strong wind production
If the European power spot prices for Monday plunged amid a demand weakened by the Easter holiday and the surging wind output, they sharply rebounded…
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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.