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CARBON (€/T) THUFRI VAR D-1 VAR W-1AVG.MAXMIN 25/926/9FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202575.76 75.980.22-1.5772.6383.9360.94CO2 EUA DEC 202677.78 78.000.22-1.5974.6186.3562.54CO2 EUA DEC 202780.05 80.270.22-1.6176.9189.0764.54CO2 EUA DEC 202882.63 82.840.21-1.5879.4891.9466.86UK ETS DEC 25 EUR 64.11 62.13-1.98-4.0255.8867.0437.35UK ETS DEC 26 EUR 67.13 65.12-2.01-4.0658.4770.0439.48UK ETS DEC 27 EUR 70.07 68.06-2.01-4.2161.2173.1442.14European carbon prices recovered on Friday, edging higher after the morningsession’s auction-induced slump. Hence, the EUAs expiring in Dec-2025increased by 0.3% to nearly 76 EUR/tonne.CO2 EUAEXCHANGE RATES THUFRIVAR D-1 VAR W-1AVG.MAXMIN 25/926/9FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1739 1.1672-0.0067-0.00641.11851.18371.0198RATE EUR/GBP0.8748 0.8740-0.00080.00320.85060.87480.8253RATE GBP/EUR1.1431 1.14420.0011-0.00421.17591.21171.1431The euro weakened on Friday amid a light economic calendar, with tradersfocusing on geopolitical and U.S. tariff developments. NATO’s warning toRussia added pressure, while ECB data showed one-year household inflationexpectations at 2.8% and the five-year outlook rising to 2.2%.President Trump’s new tariffs on European goods, including heavy trucks,branded drugs, and kitchen cabinets, reignited fears of global trade disruptionsand further weighed on the currency. Hence, the EUR/USD pair decreased by0.6% to 1.1672, while the EUR/GBP rate slipped by 0.1% to 0.8740.