The single currency had a broadly positive day yesterday, strengthening against all but the Japanese yen. Since mid last week it has gained well over 1% against the US dollar.

There was no data of note yesterday, but today we have just heard a final result for German inflation of 6.4%. Shortly we’ll heard the ZEW Economic Sentiment Index, which is expected to fall further.

Over the next two days we will hear Spanish and French inflation too.

EUR/USD past year

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