The European Central Bank (ECB) executive board member Fabio Panetta said on Monday that the “risk of second-round inflation effects remains limited.”
Additional quotes
“Do not seem to be on the path that the economy runs "hot".”
“The policy mix in Europe today is clearly superior to what we had before.”
“Likelihood that Eurozone demand will be strong enough to test supply constraints.”
“There needs to be confidence that monetary and fiscal policy support will not be withdrawn prematurely.”
Market reaction
The above remarks fail to have any impact on the euro, as EUR/USD extends its choppy trading between 1.1900-1.1950 so far this Monday.
At the time of writing, the spot trades modestly flat at 1.1930.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD: Extra choppiness on the cards
AUD/USD set aside Monday’s strong start to the week and receded to the sub-0.6400 region on Tuesday despite another negative day in the US Dollar. The dovish message from the RBA at its meeting and renewed trade concerns kept the Australian Dollar on the back foot.
EUR/USD: Next on the upside sits the May highs near 1.1380
EUR/USD maintained its bullish tone in the first half of the week, approaching the key 1.1300 zone on the back of a sharp sell-off in the Greenback. Renewed trade jitters, along with fresh concerns about the US economy, added further pressure on the US Dollar.
Gold aiming for $3,300 amid concerns about the US economy
Gold now climbs to multi-day highs beyond the $3,280 mark per troy ounce on Tuesday, following the resumption of the selling pressure on the Greenback and propped up by a cautious market mood.
Top gainers Aave, Curve DAO, Jito: Altcoins continue strong performance despite Bitcoin dominance rebound
The cryptocurrency market started the week on a positive note, supported by broader bullish sentiment. Select altcoins like Aave (AAVE), Curve DAO (CRV) and Jito (JTO) are extending gains on Tuesday, following closely in Bitcoin’s (BTC) footsteps.
China April slowdown shows the impact of economic uncertainty
Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.