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Eurozone inflation rose in May; services surged, boosting ECB hike expectations, supporting euro, and rates trades.
EUR/USD steadies near 1.1640 as US-Iran uncertainty offsets firmer Eurozone inflation, boosting ECB hike expectations.
ECB’s Rehn calls potential rate hike “insurance” against inflation; hawkish signals lift euro outlook, volatility, option demand.
EUR/GBP hovers below 0.8650 as UK stability and rate gap support sterling despite firmer eurozone inflation.
Eurozone May inflation hits 3.2%, core 2.5%; EUR/USD steady near 1.1640 as ECB hike bets rise.
Eurozone May HICP inflation fell to 0.1%, boosting ECB rate-cut odds, weakening euro, supporting equities.
EU trade committee backs cutting US import duties, supporting EU-US deal, easing tariff threat, boosting euro sentiment.
EUR/USD remains range-bound ahead of June Fed and ECB meetings, with DXY weakness needed for breakout.
EUR/JPY rises on hawkish ECB inflation outlook, while yen weakens; intervention risk near 160 remains.
Commerzbank sees May eurozone inflation unlikely to move EUR/USD; focus instead on Hormuz tensions and oil-driven risk.
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