The dollar holds its ground on Tuesday counting on a strong positive surprise in the US May inflation report. The release is due on Thursday. Yellen's comments that high interest rates will be a plus for the economy went unnoticed by investors, since the rhetoric of the US Treasury head has no immediate consequences. The ZEW report on the business climate in Germany for June fell short of expectations, but assessment of the current conditions beat forecasts. The mixed report deprived EURUSD of the opportunity to re-break the 1.22 level, as there is no over-optimism in the German economy and there are not so many ... (full story)