Eurozone Inflation Exceeds 3% for First Time Since 2023, ECB Forex Reserves Rise to €344.2B

According to Jin10, eurozone inflation exceeded 3% for the first time since 2023 on June 3, strengthening market expectations for European Central Bank rate hikes in June. Separately, the ECB's foreign exchange reserves increased by €1.8 billion to €344.2 billion. Additionally, the Indonesian rupiah fell 0.5% against the U.S. dollar, reaching a record low.
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