EUA prices extended their three-day rally and rose to the highest in seven weeks on Tuesday, as traders boosted covering of short positions and participants eyed falling energy prices and evidence suggesting industrial output could be recovering, boosting the demand for EUAs.
Euro Markets: EUAs advance for a third day, taking rally past 15% as short covering continues
EUA prices extended their three-day rally and rose to the highest in seven weeks on Tuesday, as traders boosted covering of short positions and participants eyed falling energy prices and evidence suggesting industrial output could be recovering, boosting the demand for EUAs.
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