Stronger growth and accommodative economic policy in the US
Optimism should prevail on financial markets: the Fed was more confident about activity recovery but committed to let its policy unchanged, as the inflation spike…
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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.