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CARBON (€/T) TUE WED VAR D-1 VAR W-1AVG.MAXMIN 30/91/10FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202575.72 76.330.610.3172.6983.9360.94CO2 EUA DEC 202677.75 78.340.590.2974.6786.3562.54CO2 EUA DEC 202780.03 80.610.580.2876.9789.0764.54CO2 EUA DEC 202882.57 83.170.60.2479.5391.9466.86UK ETS DEC 25 EUR 61.90 62.520.62-2.5855.9867.0437.35UK ETS DEC 26 EUR 64.80 65.450.65-2.758.5870.0439.48UK ETS DEC 27 EUR 67.74 68.410.67-2.6861.3373.1442.14European carbon prices bounced back on Wednesday, supported by technicalbuying as long-positioned traders strengthened their bullish bets. Hence, theEUAs expiring in Dec-2025 added 0.8% to settle at 76.33 EUR/tonne.CO2 EUAEXCHANGE RATES TUEWEDVAR D-1 VAR W-1AVG.MAXMIN 30/91/10FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1741 1.1724-0.0017-0.00321.11911.18371.0198RATE EUR/GBP0.8734 0.8704-0.003-0.00270.85080.87480.8253RATE GBP/EUR1.1450 1.14890.00390.00361.17561.21171.1431The EUR/USD pair slipped by 0.1% to 1.1724 on Wednesday as investorsdigested soft US labour data, political uncertainty, and resilient Eurozonesignals. Vice-President JD Bance downplayed the government shutdown risk,pledging to safeguard essential services.In the Eurozone, September inflation rose 2.2% year-on-year, with core HICPstable at 2.3%, while the HCOB manufacturing PMI slipped back intocontraction at 49.8. Despite inflation staying above target, ECB PresidentChristine Lagarde signalled no imminent policy shift. The EUR/GBP rate edged0.3% lower at 0.8704, as investors digested mixed signals of resilient inflationbut weaker business activity.