ECB’s Panetta: Geopolitics risk persistent inflation volatility

Dhwani Mehta FXStreet

“Geopolitics risk persistent inflation volatility,” the European Central Bank’s executive board member, Fabio Panetta, said on Monday.

Panetta added that “globalization may influence the natural rate of interest.”

Market reaction

The above comments fail to have any impact on the Euro, as EUR/USD is trading close to the intraday high at 1.1021, as of writing. The spot is up 0.27% on the day.

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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