Intra-Day Market Moving News and Views
11 Feb 2016 08:46GMT
EUR/USD - ...... Euro jumped to a fresh 3-1/2 month peak of 1.1355 after ECB Nowotny's brief remark on Brexit'.
Reuters later reported Euro area inflation could dip into negative territory in the first half of 2016 but the threat of entrenched deflation has been averted and prices will rise in the second half, European Central Bank Governing Council member Ewald Nowotny(head of the Austrian central bank. ) said. He thinks it's important to look at the medium term and in the second half, we could already see a clear increase in inflation because of the base effect from the previous year.
He continued that he wouldn't speak of a deflationary risk, per se as it could be the case in certain months but that is not deflation, but think that it was the success of the previous policy of the ECB that had prevented a deflationary scenario in Europe.
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