Market watchers looked to the stock market and saw European shares extend their losses yesterday, following the eight-month highs seen on Monday as investors considered hawkish comments from the European Central Bank.

The annual inflation rate in the Euro area fell from 10.1% in November to 9.2% in December 2022. This was the lowest reading in four months. The next release is due on January 18th.

EUR/USD: the past year

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