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Monday, September 5, 2022

The important inflation statistics the euro's

 The important inflation statistics released on Wednesday could give the euro's emerging recovery its own hawkish push, which could restrain the dollar's future advances.

Falling gas prices have assisted in reversing falls in the common currency, while the Federal Reserve's adamant desire to combat inflation at Jackson Hole has strengthened discussions of the same nature among members of the European Central Bank. Over 1% has been added to the euro since its two-decade low on August 23.


The euro has a significant impact on the overall direction of the greenback, accounting for 31% of the Bloomberg Dollar Spot Index and nearly 60% of the ICE equivalent. Any currency rally will help to deflate the dollar's post-Jackson Hole rally.


Tags:the euro,dollar,bank,gas,

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