An unremarkable session (on the eve of a US bank holiday), with the E/$ stuck at around 1.0735, sterling at -0.05% at 1.2695, and the yen also at -0.05% at 157.80... but it was the day of the Swiss Franc, which climbed +0.6% against the $ to 0.8640 and by the same amount against the Euro to 0.9490.

The Euro did not react to the Eurozone inflation figure, which came in at +2.6% in May 2024, compared with 2.4% in April.
A year earlier, it stood at 6.1%, according to Eurostat, the European Union's statistical office.

German investor sentiment improved only slightly in June, whereas economists were expecting a sharper rise, according to the ZEW Institute's monthly survey published on Tuesday.
The index stood at 47.5 points this month, up 0.4 points on May's 47.1, where BofA analysts were expecting it to rise to 50.

The afternoon was punctuated by several U.S. indicators whose impact proved non-existent: the $-Index did not flinch, remaining stable at 105.30.

Retail sales rose by 0.1% after falling by 0.2% in April compared with the previous month (a revised figure from an initially announced stagnation), according to the Commerce Department.

Excluding the sometimes volatile automotive sector (vehicles and equipment), US retail sales nevertheless eased by 0.1% last month, following a decline of the same magnitude in April.
US industrial production figures (-0.9%) confirm that no marked upturn in manufacturing activity is in sight.

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