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CARBON (€/T) MON TUE VAR D-1 VAR W-1AVG.MAXMIN 1/92/9FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202573.97 73.61-0.360.8672.2483.9360.94CO2 EUA DEC 202675.91 75.55-0.360.8674.2186.3562.54CO2 EUA DEC 202778.15 77.79-0.360.8976.5189.0764.54CO2 EUA DEC 202880.71 80.38-0.330.9179.0891.9466.86UK ETS DEC 25 EUR 62.63 62.00-0.631.6254.9165.4337.35UK ETS DEC 26 EUR 65.47 64.84-0.631.7357.4668.3639.48UK ETS DEC 27 EUR 68.35 67.70-0.651.7160.1770.8642.14European carbon prices eased on Tuesday, pressured by weak energy marketsand profit-taking, with the EUAs expiring in Dec-2025 down 0.5% at 73.61EUR/tonne, though near-term compliance demand may lend support.CO2 EUAEXCHANGE RATES MONTUEVAR D-1 VAR W-1AVG.MAXMIN 1/92/9FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1715 1.1646-0.0069-0.0011.11281.18101.0198RATE EUR/GBP0.8662 0.87020.0040.0060.84870.87170.8253RATE GBP/EUR1.1545 1.1492-0.0053-0.00791.17861.21171.1472The EUR/USD pair slipped by 0.6% to 1.1646 on Tuesday amid risk-offsentiment driven by concerns over Fed independence, US policy uncertainty,and surging global bond yields. Political risk in Europe, including a French no-confidence vote, further pressured major currencies except the dollar.In contrast, the EUR/GBP rate edged 0.5% higher at 0.8702, as sterlingweakened on UK fiscal concerns, with 30-year gilt yields hitting 5.68% - thehighest since 1998 - after PM Starmer’s cabinet reshuffle. The euro also drewsupport from stronger-than-expected Eurozone inflation, with August HICP at2.1% y/y and core at 2.3%, reducing expectations of imminent ECB rate cuts.