<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvZGVjYmQzODgtNDcxOC00YmYwLWIwNTEtMTc2NjRiMzJjZGQ3LmpwZw==.jpg"></p><p>Estimates for July inflation across the euro area make for grim reading at 8.9%, with the U.S. dollar rebounding.</p>