Yesterday, the dollar decreased versus the euro, which caused the currency pair to come close to parity again. The euro went from 0.98 to near parity and Monday morning even reached parity very briefly. This morning the euro/dollar increased to 0.9994.
Consumer prices in the Netherlands rose slightly less in October than in September. Last month’s annual inflation rate was 14.3 percent, following a 14.5 percent price increase in September. Inflation was 12.0 percent in August and 10.3 percent in July. Prices have been rising since July 2021, when inflation was 1.4 percent.
France is demanding that the European Union responds quickly to U.S. President Joe Biden’s climate bill. The country is concerned about several provisions in the Inflation Reduction Act that give companies tax benefits if certain products are made in U.S. factories. This would discourage investment in the EU and favor U.S. companies.
The 6M Euribor increased with 5 basis points to 2.28% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.15% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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