Page 44 - Demo

CARBON (€/T) TUE WED VAR D-1 VAR W-1AVG.MAXMIN 7/48/4FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202671.51 71.670.16-2.9777.2592.2463.65CO2 EUA DEC 202774.20 74.09-0.11-3.2179.5994.8065.92CO2 EUA DEC 202876.92 76.64-0.28-3.3582.1397.7368.21UK ETS DEC 26 EUR 47.15 48.521.37-0.2559.5584.0240.13UK ETS DEC 27 EUR 49.70 51.081.38-0.3162.2587.6142.32UK ETS DEC 28 EUR 52.35 53.831.48-0.2165.2691.4644.79A cautious return of investor appetite supported European carbon prices onWednesday, with weekly positioning data showing funds adding to net lengthafter ten weeks of unwinding. Consequently, the EUAs expiring in Dec-2026edged 0.2% higher at 71.67 EUR/tonne.CO2 EUAEXCHANGE RATES TUEWEDVAR D-1 VAR W-1AVG.MAXMIN 7/48/4FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1557 1.17060.01490.01011.16881.19741.1476RATE EUR/GBP0.8726 0.8689-0.0037-0.00220.86870.87630.8616RATE GBP/EUR1.1460 1.15080.00480.00291.15121.16061.1412News of the US-Iran two-week ceasefire, supported risk-on sentiment onWednesday, driving sharp gains in the Euro and Pound against the US Dollar.The EUR/USD pair rose by 1.3% to 1.1706, while the EUR/GBP rate slipped by0.4% to 0.8689 as the Pound outperformed. Weak macro data from the UK andEurozone failed to dampen markets, though February’s Eurozone figures werelargely overlooked since they predated the Iran conflict.