Overall it’s been a positive week for the euro, with EUR/USD holding onto its highest point since early July.

The single currency has strengthened by around 2.5% against the Norwegian and Swedish krone, and indeed almost every currency except for the British pound.

Yesterday, eurozone inflation was downgraded fractionally to 10.6%, with core inflation at 5%, and shortly we will hear from Christine Lagarde, boss of the European Central Bank.

EUR/USD past year

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