Euro Blown By Historic High Inflation

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وارتفع inflation In the euro zone, which includes 19 countries, to 8.1% in May, compared to 7.4% in April, exceeding expectations of 7.7% with continued price increases, indicating that energy is no longer the only reason for increasing inflation.

continue euro its low vs dollar It fell 0.6% to $1.0777 before recouping some of its losses. On a monthly basis, the euro rose nearly 2% in its best monthly performance in a year.

The euro’s losses supported the dollar, which is also benefiting from an increase in the yield on treasury bonds American.

In previous trades, it was recorded dollar index 101.71, up 0.4 percent, following falling to a 5-week low at 101.29 pm.

Wartfat coins Commodity-related following news that European Union leaders agreed in principle on Monday to cut most Russian oil imports by the end of this year, which also pushed up oil prices.

William Canadian dollar $1.2653, approaching a one-month high, in the evening ahead of the Bank of Canada meeting. As for digital currencies, Bitcoin 31,600 dollars yesterday, following rising to exceed 32 thousand dollars the day before yesterday, for the first time in more than 3 weeks.

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وارتفع inflation In the euro zone, which includes 19 countries, to 8.1% in May, compared to 7.4% in April, exceeding expectations of 7.7% with continued price increases, indicating that energy is no longer the only reason for increasing inflation.

continue euro its low vs dollar It fell 0.6% to $1.0777 before recouping some of its losses. On a monthly basis, the euro rose nearly 2% in its best monthly performance in a year.

The euro’s losses supported the dollar, which is also benefiting from an increase in the yield on treasury bonds American.

In previous trades, it was recorded dollar index 101.71, up 0.4 percent, following falling to a 5-week low at 101.29 pm.

Wartfat coins Commodity-related following news that European Union leaders agreed in principle on Monday to cut most Russian oil imports by the end of this year, which also pushed up oil prices.

William Canadian dollar $1.2653, approaching a one-month high, in the evening ahead of the Bank of Canada meeting. As for digital currencies, Bitcoin 31,600 dollars yesterday, following rising to exceed 32 thousand dollars the day before yesterday, for the first time in more than 3 weeks.

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