XE Market Analysis: Euro Rises as Economy Sets for Best Growth in a Decade

OVERVIEW

  • The Pound is under pressure on an inflation undershoot.

  • USD has mixed performance but is generally weaker with a little boost from stronger PPI.

  • The Swedish Krona falls sharply after inflation cools.

  • The Chinese Yuan economic data misses’ expectations, pointing to moderating growth. 

  • Oil prices retreated modestly from last week’s peak but remain firm.