ECB's Villeroy: More downside than upside inflation risks

Agustin Wazne FXStreet

European Central Bank (ECB) and Bank of France Governor François Villeroy, a member of the Governing Council, gave a televised interview with Bloomberg on Tuesday. He claimed that he doesn't see any risk to the Bank of France or to the ECB's independence, and that the impact of United States (US) tariffs on Eurozone inflation should remain negligible.

Key Quotes

I see no risk to the Bank of France, ECB independence.

French and Euro-Area economies are resilient.

Impact of US tariffs on Eurozone inflation should remain negligible.

We mustn't break international law on Russian assets.

Next rate move is more likely to be a cut than a hike.

We've regained confidence in our forecasts.

More downside than upside inflation risks.

The ECB in a good place, but that place isn't fixed.

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		-0.35%	0.14%	-0.35%	0.03%	0.32%	0.07%	-0.39%
EUR	0.35%		0.50%	0.00%	0.38%	0.73%	0.44%	-0.03%
GBP	-0.14%	-0.50%		-0.46%	-0.10%	0.22%	-0.02%	-0.52%
JPY	0.35%	0.00%	0.46%		0.39%	0.66%	0.39%	-0.08%
CAD	-0.03%	-0.38%	0.10%	-0.39%		0.33%	0.05%	-0.42%
AUD	-0.32%	-0.73%	-0.22%	-0.66%	-0.33%		-0.29%	-0.75%
NZD	-0.07%	-0.44%	0.02%	-0.39%	-0.05%	0.29%		-0.46%
CHF	0.39%	0.03%	0.52%	0.08%	0.42%	0.75%	0.46%

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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