A measure of market's future Eurozone inflation expectations fell to 2.15% from a recorded 2.37% on Monday. However, EUR spot, which tends to follow inflation expectations over the long-term, has failed to rally as swap rates see the highest inflation since early 2014. We have seen some unwind of EUR weakness on Wednesday session, trades closer to 1.11 to the dollar vs 1.0850 on Monday.
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