ECB's Kazaks: ECB will soon reach terminal rate if baseline holds
European Central Bank (ECB) policymaker Martins Kazaks said on Wednesday, “the ECB will soon reach terminal rate if baseline holds.”
Additional quotes
- Interest rate cuts are nearing an end assuming inflation stabilizes at 2% over the coming months.
- It's important to analise alternative scenarios amid the trade uncertainty.
- If either inflationary or deflationary risk scenario materialises, monetary policy will react accordingly.
Market reaction
At the time of writing, EUR/USD is up 0.44% on the day at 1.1333.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.40% | -0.10% | -0.32% | -0.18% | -0.22% | -0.03% | -0.41% | |
| EUR | 0.40% | 0.29% | 0.03% | 0.19% | 0.20% | 0.37% | -0.02% | |
| GBP | 0.10% | -0.29% | -0.23% | -0.08% | -0.10% | 0.07% | -0.33% | |
| JPY | 0.32% | -0.03% | 0.23% | 0.15% | 0.11% | 0.29% | -0.09% | |
| CAD | 0.18% | -0.19% | 0.08% | -0.15% | -0.04% | 0.17% | -0.25% | |
| AUD | 0.22% | -0.20% | 0.10% | -0.11% | 0.04% | 0.18% | -0.21% | |
| NZD | 0.03% | -0.37% | -0.07% | -0.29% | -0.17% | -0.18% | -0.40% | |
| CHF | 0.41% | 0.02% | 0.33% | 0.09% | 0.25% | 0.21% | 0.40% |
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.
