ECB’s Schnabel: Iran war creates upside inflation risks

Agustin Wazne FXStreet

Isabel Schnabel, European Central Bank (ECB) member, said that the ECB’s is still in a good place even though the Iran war created some upside inflation risks at the 2026 United States (US) Monetary Policy Forum in New York on Friday.

Key takeaways:

Small, temporary inflation overshoot of little relevance if expectations remain anchored.

Still in a good place but Iran war creates upside inflation risks.

Post pandemic lessons suggest must tread carefully.

Needs to be vigilant; monitor expectations, wages, firms passing on costs.”

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		0.05%	-0.25%	0.14%	-0.53%	-0.01%	0.10%	-0.47%
EUR	-0.05%		-0.30%	0.07%	-0.58%	-0.06%	0.05%	-0.52%
GBP	0.25%	0.30%		0.38%	-0.28%	0.23%	0.35%	-0.23%
JPY	-0.14%	-0.07%	-0.38%		-0.66%	-0.15%	-0.06%	-0.62%
CAD	0.53%	0.58%	0.28%	0.66%		0.51%	0.61%	0.06%
AUD	0.00%	0.06%	-0.23%	0.15%	-0.51%		0.11%	-0.46%
NZD	-0.10%	-0.05%	-0.35%	0.06%	-0.61%	-0.11%		-0.57%
CHF	0.47%	0.52%	0.23%	0.62%	-0.06%	0.46%	0.57%

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.

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