ECB’s Schnabel: Disinflation is on track, but new shocks are posing new challenges

Dhwani Mehta FXStreet

European Central Bank (ECB) board member Isabel Schnabel said on Tuesday, “disinflation is on track, but new shocks are posing new challenges.”

Additional comments

Tariffs may be disinflationary in the short run but pose upside risks over the medium term.
Appreciation of the Euro is historical opportunity to foster the international role of the Euro.

Market reaction

EURUSD was last seen trading at 1.1255, up 0.15% on the day.

(This story was corrected on May 20 at 07:15 GMT to say Isabel Schnabel, not Schanbel.)

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.15%	-0.10%	-0.27%	-0.03%	0.62%	0.17%	-0.18%
EUR	0.15%		0.06%	-0.10%	0.13%	0.79%	0.34%	-0.03%
GBP	0.10%	-0.06%		-0.19%	0.06%	0.70%	0.29%	-0.05%
JPY	0.27%	0.10%	0.19%		0.24%	0.89%	0.43%	0.14%
CAD	0.03%	-0.13%	-0.06%	-0.24%		0.66%	0.21%	-0.12%
AUD	-0.62%	-0.79%	-0.70%	-0.89%	-0.66%		-0.45%	-0.76%
NZD	-0.17%	-0.34%	-0.29%	-0.43%	-0.21%	0.45%		-0.32%
CHF	0.18%	0.03%	0.05%	-0.14%	0.12%	0.76%	0.32%

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.

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