Euro climbs on integration hopes as Trump furor knocks dollar (news: 16/05/17)

Today's press

• Euro climbs on integration hopes as Trump furor knocks dollar

  The euro hit a six-month peak and German stocks touched a record high on Tuesday as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the United States.

• Forex News – UK inflation rises more than expected but pound pulls back from highs

  Consumer prices in the UK rose more strongly than expected in April as higher air fares pushed the headline inflation to the highest since September 2013. Annual CPI rose from 2.3% in March to 2.7% in April, while core CPI, jumped from 1.8% to 2.4% – the highest since March 2013. Analysts were expecting CPI to increase to 2.6% and for core inflation to rise to 2.2%.

• Forex - Canadian dollar hits 3-week highs against weaker greenback

  Investing.com - The Canadian dollar rose to the highest levels in three weeks against its broadly weaker U.S. counterpart on Tuesday as fresh concerns over the Trump administration and a slate of mixed U.S. economic reports pressured the greenback.