ECB’s Muller: Slower inflation rises the chances of a June rate cut

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker Madis Muller said on Friday that “slower inflation rises the chances of a June rate cut.”

Muller added that “there are more signs the economy is strengthening.”

Market reaction

At the time of writing, EUR/USD is testing lows near 1.0675, down 0.42% on the day.

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	CAD	AUD	JPY	NZD	CHF
USD		0.42%	0.32%	0.27%	0.41%	0.06%	0.40%	0.28%
EUR	-0.43%		-0.11%	-0.16%	-0.01%	-0.37%	-0.04%	-0.15%
GBP	-0.32%	0.09%		-0.08%	0.09%	-0.29%	0.07%	-0.06%
CAD	-0.27%	0.17%	0.08%		0.12%	-0.20%	0.15%	0.01%
AUD	-0.42%	0.00%	-0.06%	-0.15%		-0.35%	-0.02%	-0.14%
JPY	-0.06%	0.35%	0.25%	0.21%	0.34%		0.34%	0.22%
NZD	-0.42%	0.01%	-0.09%	-0.15%	-0.02%	-0.35%		-0.14%
CHF	-0.30%	0.16%	0.08%	-0.02%	0.14%	-0.21%	0.12%

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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (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.

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