EUAs climbed back above 60€/t amid rising gas and equities
Diverging from the neighboring countries, the German power spot prices dropped by 51.16€/MWh to 116.65€/MWh yesterday, pressured by forecast of stronger wind and solar output.…
Markets are quiet. The most noticeable move yesterday was the slight increase in the USD after Fed officials repeated more or less the message that appeared in the last Fed minutes: it will be soon important to start the discussion about the reduction in bond purchases. But they also repeated that inflationary tensions will remain transitory. The EUR/USD exchange rate fell below 1.22, but this level is already being tested this morning. The economic calendar is busier today. This could lead to a little more activity in the markets.
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