“A repeat of 2022’s inflation problems appear less likely”: ECB’s Sleijpen lowers temperature

Agustin Wazne FXStreet

European Central Bank (ECB) policymaker Olaf Sleijpen said in a speech at an event organized by the European Economics & Financial Center (EEFC) in London on Wednesday that while a repeat of 2022's inflation spike appears less likely, the risk cannot be fully ruled out.

Key takeaways:

A repeat of 2022’s inflation problems appear less likely but cannot be excluded.

For Eurozone monetary policy, the key issue is the risk of second-round effects.

Market expectations point to a declining path for oil prices, but uncertainty remains.”

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.06%	0.08%	-0.11%	0.08%	-0.01%	0.23%	-0.10%
EUR	-0.06%		0.02%	-0.17%	0.00%	-0.08%	0.18%	-0.16%
GBP	-0.08%	-0.02%		-0.17%	0.00%	-0.06%	0.17%	-0.14%
JPY	0.11%	0.17%	0.17%		0.18%	0.10%	0.30%	0.04%
CAD	-0.08%	-0.00%	-0.00%	-0.18%		-0.09%	0.15%	-0.17%
AUD	0.00%	0.08%	0.06%	-0.10%	0.09%		0.25%	-0.05%
NZD	-0.23%	-0.18%	-0.17%	-0.30%	-0.15%	-0.25%		-0.30%
CHF	0.10%	0.16%	0.14%	-0.04%	0.17%	0.05%	0.30%

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

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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