Europe's economic recovery continues to broaden and deepen. The ongoing expansion is supported by a synchronised global growth backdrop with few medium-term concerns coming from the international trade impulse.
Specifically, recent eurozone growth data has been solid with Austria, Spain and Sweden the outperformers. However, subdued underlying inflation remains a conundrum among market participants and policymakers....
The US dollar is close to peaking and the risks now seem to be on the downside.
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