European Central Bank (ECB) Governing Council member Bostjan Vasle said on Thursday that “we should keep going to neutral in measured steps.”
Further comments
There is no urgency in discussing undershooting the target or going below neutral.
Inflation has not yet been defeated.
But recent data has been encouraging.
Once we get closer to neutral, it may be appropriate to align our language accordingly.
A soft landing with a recovery is still the baseline.
But recent data presents some risks that might delay the expected improvement to growth.
Market reaction
EUR/USD was last seen trading at 1.0791, unaffected by these above comments. The pair is up 0.10% on a daily basis.
Euro PRICE This week
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the weakest against the US Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.69% | 0.96% | 1.86% | 0.07% | 0.94% | 0.89% | 0.19% | |
EUR | -0.69% | 0.19% | 1.07% | -0.56% | 0.21% | 0.08% | -0.58% | |
GBP | -0.96% | -0.19% | 0.87% | -0.87% | -0.01% | -0.08% | -0.81% | |
JPY | -1.86% | -1.07% | -0.87% | -1.76% | -0.89% | -0.88% | -1.68% | |
CAD | -0.07% | 0.56% | 0.87% | 1.76% | 0.78% | 0.87% | -0.01% | |
AUD | -0.94% | -0.21% | 0.01% | 0.89% | -0.78% | 0.02% | -0.81% | |
NZD | -0.89% | -0.08% | 0.08% | 0.88% | -0.87% | -0.02% | -0.74% | |
CHF | -0.19% | 0.58% | 0.81% | 1.68% | 0.01% | 0.81% | 0.74% |
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).
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
European Central Bank set to trim rates again, how will Euro react? – LIVE
The European Central Bank (ECB) is widely expected to cut key rates again in December. The ECB's tone in the policy statement and revised projections could drive the Euro's valuation ahead of President Lagarde's press conference.
GBP/USD pulls back to 1.2750 as markets turn cautious
GBP/USD is pulling back to near 1.2750 in the European session on Thursday as traders turn cautious. The pair reverses earlier gains even as the US Dollar corrects downwards. The focus remains on the US PPI and Jobless Claims data.
Gold price sits near one-month high on Fed rate cut optimism and softer USD
Gold price seems to have stabilized following good two-way price swings and trades around the $2,720 area during the early European session, just below the highest level in more than a month touched earlier this Thursday.
Chainlink surges amid World Liberty purchase, Emirates NBD partnership and CCIP launch on Ronin network
Chainlink price surges around 15% on Thursday, reaching levels not seen since mid-November 2021. The rally was fueled by the Donald Trump-backed World Liberty Financial purchase of 41,335 LINK tokens worth $1 million on Thursday.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.