ECB's Escriva: We've reached our inflation target
European Central Bank Governing Council member Jose Luis Escriva said on Friday, “we've reached our inflation target.”
“The Gross Domestic Product (GDP) growth is slow, competitiveness is a problem,” he added.
Meanwhile, ECB policymaker Oli Rehn noted that “risks that inflation remains slower than target should not be underestimated.”
Market reaction
At the press time, EUR/USD is down 0.08% on the day at 1.1726.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.28% | 0.40% | 0.12% | 0.18% | 0.33% | 0.16% | |
| EUR | -0.07% | 0.21% | 0.29% | 0.06% | 0.12% | 0.27% | 0.10% | |
| GBP | -0.28% | -0.21% | 0.10% | -0.17% | -0.12% | 0.07% | -0.10% | |
| JPY | -0.40% | -0.29% | -0.10% | -0.26% | -0.20% | -0.10% | -0.26% | |
| CAD | -0.12% | -0.06% | 0.17% | 0.26% | 0.11% | 0.23% | 0.06% | |
| AUD | -0.18% | -0.12% | 0.12% | 0.20% | -0.11% | 0.18% | -0.02% | |
| NZD | -0.33% | -0.27% | -0.07% | 0.10% | -0.23% | -0.18% | -0.17% | |
| CHF | -0.16% | -0.10% | 0.10% | 0.26% | -0.06% | 0.02% | 0.17% |
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.
