The euro had a positive day against all but the pound yesterday, gaining as much as 1% against the US dollar and Japanese yen.

There were no data surprises yesterday, with German inflation confirmed at 10%. This morning we’re hearing more final readings for inflation in the eurozone, and so far German wholesale prices are at 19.9%, French inflation at 5.6% and Spanish at 8.9%, a large drop from last month’s 10.5%.

EUR/USD past year

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