The head of economic policy at the European Central Bank (ECB), Madis Mullerdeclared on Friday that “slowing inflation raises chances of rate cut in Juneeither”.
Muller added that “there are more signs that the economy is strengthening.”
Market reaction
At the time of writing, the EUR/USD pair is testing five-month lows near 1.0675, down 0.42% on the day.
Euro price today
The following table shows the percentage variation of the Euro (EUR) against the main currencies. The Euro was the weakest currency against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.42% | 0.32% | 0.27% | 0.41% | 0.06% | 0.40% | 0.28% | |
| EUR | -0.43% | -0.11% | -0.16% | -0.01% | -0.37% | -0.04% | -0.15% | |
| GBP | -0.32% | 0.09% | -0.08% | 0.09% | -0.29% | 0.07% | -0.06% | |
| CAD | -0.27% | 0.17% | 0.08% | 0.12% | -0.20% | 0.15% | 0.01% | |
| AUD | -0.42% | 0.00% | -0.06% | -0.15% | -0.35% | -0.02% | -0.14% | |
| JPY | -0.06% | 0.35% | 0.25% | 0.21% | 0.34% | 0.34% | 0.22% | |
| NZD | -0.42% | 0.01% | -0.09% | -0.15% | -0.02% | -0.35% | -0.14% | |
| CHF | -0.30% | 0.16% | 0.08% | -0.02% | 0.14% | -0.21% | 0.12% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and scroll down the horizontal line to the Japanese Yen, the percentage change that appears in the box will represent EUR (base)/JPY (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.
