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Market Update: Euro Trades Around $1.219
The euro changed hands at $1.219 on Monday, not far from an over four-month high of $1.224 hit last week, as the rapid pace of COVID-19 vaccination and the ongoing reopening efforts continued to support solid economic recovery hopes. Upbeat PMI data released on Friday suggested the Eurozone, UK and US expanded all at record rates in May, following the relaxation of coronavirus-induced restrictions. Elsewhere, all eyes will be on German business survey and import prices this week, as well as US personal consumption and PCE inflation figures. A higher-than-expected US core inflation could revive talks of an early tapering by the Federal Reserve. [/s2If]
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