ECB’S Nagel: ECB keeps an eye on strong price increase in services
European Central Bank (ECB) governor and Deutsche Bundesbank President Joachim Nagel spoke at the Frankfurter Impulse event in Frankfurt on Monday. He claimed that although food inflation remains stubborn, the current level of the Euro at $1.16 is not a cause for concern.
Key quotes
Current level of the euro at $1.16 is not a cause for concern.
Food inflation remains stubborn.
ECB keeps an eye on strong price increase in services too.
With Dec projections we'll see more clearly if monetary policy stance remains appropriate.”
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | 0.12% | 0.38% | 0.18% | 0.06% | 0.14% | 0.16% | |
| EUR | -0.02% | 0.10% | 0.34% | 0.16% | 0.03% | 0.12% | 0.14% | |
| GBP | -0.12% | -0.10% | 0.25% | 0.05% | -0.07% | 0.01% | 0.04% | |
| JPY | -0.38% | -0.34% | -0.25% | -0.17% | -0.30% | -0.21% | -0.19% | |
| CAD | -0.18% | -0.16% | -0.05% | 0.17% | -0.11% | -0.04% | -0.02% | |
| AUD | -0.06% | -0.03% | 0.07% | 0.30% | 0.11% | 0.08% | 0.10% | |
| NZD | -0.14% | -0.12% | -0.01% | 0.21% | 0.04% | -0.08% | 0.03% | |
| CHF | -0.16% | -0.14% | -0.04% | 0.19% | 0.02% | -0.10% | -0.03% |
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.
