Downward correction at European power hubs
Falling EUA and fuel prices dragged European power prices sharply down on the curve on Thursday on the back of an upward revision in temperature…
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At the same time, the rebound of the USD reflects both this nervousness, but also the possibility that the anticipated tightening of ECB policy will be lighter than expected.
Japanese GDP growth was revised from +0.3% to +0.5% q/q in Q2. The economic calendar is still light today. The euro is trading below USD 1.184.