After the release of inflation data from the Eurozone, the euro and European bond yields continued to rise.

Golden Ten Data on May 2, after the euro area inflation data exceeded expectations, the euro continued to strengthen against the dollar, and European bond yields continued to rise. The annual rate of CPI remained at 2.2% in April, higher than the forecast of 2.1%. Core inflation accelerated to 2.7% from 2.4% in April, beating expectations of 2.5%. Markets continue to digest expectations of a further 60 basis point rate cut by the ECB by the end of the year, according to LSEG.

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GateUser-f3bbff29vip
· 05-19 03:35
HODL Tight 💪
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