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- European session review: USD edges higher amid lingering growth concerns
European session review: USD edges higher amid lingering growth concerns
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | Germany | Producer Price Index (YoY) | June | 7.2% | 8.4% | 8.5% |
| 06:00 | Germany | Producer Price Index (MoM) | June | 1.5% | 1.1% | 1.3% |
| 08:00 | Eurozone | Current account, unadjusted, bln | May | 30.6 | 4.3 |
USD appreciates against other major currencies in the European session on Tuesday as concerns about growing COVID-19 Delta-variant infection rates raised questions about global growth prospects.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.14% to 93.02, being marginally below its 3-1/2-month high of 93.03 that was pegged in overnight trading.
The world’s major economies have continued to record persistently high Delta-variant infection rates. Investors remain worried that increasing infections will trigger the reintroduction of new restrictions that can hurt the global economic recovery.
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