ECB: Increase in long -term yields hardens financial conditions

The policy head of the European Central Bank (ECB), Francois Villeroy de Galhau, said Thursday that “an increase in long -term yields, all things being the same, hardens financial conditions.”

“France needs to take the 3%deficit,” he added.

Market reaction

The EUR/USD torque is oscillating in a narrow range around 1.0775, rising 0.14% at the time of writing.

Euro price today

The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the strongest currency in front of the Japanese yen.

USD EUR GBP JPY CAD Aud NZD CHF
USD -0.15% -0.24% 0.24% 0.19% -0.08% -0.15% 0.09%
EUR 0.15% -0.11% 0.36% 0.32% 0.04% -0.02% 0.22%
GBP 0.24% 0.11% 0.45% 0.43% 0.15% 0.08% 0.34%
JPY -0.24% -0.36% -0.45% -0.06% -0.34% -0.41% -0.14%
CAD -0.19% -0.32% -0.43% 0.06% -0.27% -0.34% -0.09%
Aud 0.08% -0.04% -0.15% 0.34% 0.27% -0.06% 0.19%
NZD 0.15% 0.02% -0.08% 0.41% 0.34% 0.06% 0.26%
CHF -0.09% -0.22% -0.34% 0.14% 0.09% -0.19% -0.26%

The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).

Source: Fx Street

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