TODAY'S MARKET INTELLIGENCE
Euro hovers near 3-month high on weak dollar and hawkish ECB expectations
English summary
EUR/USD is hovering around 1.1690, near the highest level since May 14. A weak dollar and hawkish ECB expectations are the core drivers, but energy inflation risks and US-Iran standoff provide underlying support for the dollar. Markets are watching PMI data from the eurozone and the US.
The English text is machine translated and may require verification against the Chinese version.
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