ECB’s Pereira: The good news is that inflation is not spreading
European Central Bank policymaker and newly appointed Portugal central bank governor Alvaro Santos Pereira made some comments on inflation, yields, and energy prices during his speech on Thursday.
Key quotes
Yields rise is more related to fiscal issues.
If we have a winter like last year, then we have a problem with natural gas prices.
The good news is that inflation is not spreading.
If inflation starts broadening, central banks will be forced to act.
Growth is surprising on the upside, wouldn't be surprised if it continued in next few months.
Market reaction
At the time of writing, EUR/USD is up 0.53% on the day at 1.1211, unperturbed by these comments.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.45% | -0.30% | -0.36% | -0.14% | 0.32% | -0.29% | -0.60% | |
| EUR | 0.45% | 0.14% | 0.09% | 0.28% | 0.80% | 0.14% | -0.15% | |
| GBP | 0.30% | -0.14% | -0.06% | 0.14% | 0.62% | 0.00% | -0.31% | |
| JPY | 0.36% | -0.09% | 0.06% | 0.19% | 0.69% | 0.03% | -0.26% | |
| CAD | 0.14% | -0.28% | -0.14% | -0.19% | 0.48% | -0.14% | -0.45% | |
| AUD | -0.32% | -0.80% | -0.62% | -0.69% | -0.48% | -0.62% | -0.93% | |
| NZD | 0.29% | -0.14% | 0.00% | -0.03% | 0.14% | 0.62% | -0.32% | |
| CHF | 0.60% | 0.15% | 0.31% | 0.26% | 0.45% | 0.93% | 0.32% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
