European Central Bank (ECB) Governing Council member Bostjan Vasle said on Thursday that “we should continue to move towards neutrality in measured steps.”
Additional comments
There is no urgency in discussing the possibility of missing the target or going below neutrality.
Inflation has not yet been defeated.
But recent data has been encouraging.
Once we move closer to neutrality, it may be appropriate to align our language accordingly.
A soft landing with a recovery remains the base case.
But the recent data presents some risks that could delay the expected improvement in growth.
Market reaction
EUR/USD was last seen trading at 1.0791, unaffected by these previous comments. The pair rises 0.10% in daily terms.
Euro PRICE This week
The table below shows the percentage change of the Euro (EUR) against the main currencies this week. Euro was the weakest currency 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 for major currencies. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you choose the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will represent EUR (base)/USD (quote).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
