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ECB’s Schnabel: Must be vigilant to upside inflation risks.

Isabel Schanbel, member of the executive board of the European Central Bank (ECB), said that they must monitor the persistence of the energy price shock in Europe and stay vigilant for upside inflation risks in a speech at the Frankfurt School of Finance and Management Centre for Central Banking in Frankfurt, Germany, on Wednesday.

Key takeaways:

We must monitor the persistence of the energy price shock.

We must be vigilant to upside inflation risks.

Monetary policy remains in a good place.

March projections to partly reflect the Iran shock."

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.37% 0.14% 0.49% 0.16% -0.45% 0.35% 0.23%
EUR -0.37% -0.23% 0.11% -0.20% -0.81% -0.02% -0.13%
GBP -0.14% 0.23% 0.34% 0.03% -0.59% 0.21% 0.09%
JPY -0.49% -0.11% -0.34% -0.34% -0.94% -0.17% -0.27%
CAD -0.16% 0.20% -0.03% 0.34% -0.61% 0.18% 0.07%
AUD 0.45% 0.81% 0.59% 0.94% 0.61% 0.80% 0.71%
NZD -0.35% 0.02% -0.21% 0.17% -0.18% -0.80% -0.11%
CHF -0.23% 0.13% -0.09% 0.27% -0.07% -0.71% 0.11%

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).

French President Macron: Government may decide further measures to cushion oil prices

French President Emannuel Macron said that they will engage with several countries to limit measures to restrict exports, adding that there's obviously a need for a definition of military and political objectives in the war in Iran at a G7 leaders' video conference on Wednesday.
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GBP/USD steadies near 1.34 despite Oil shock, hot US inflation

The Pound Sterling remains firm during the North American session, even though the Middle East conflict entered its twelfth day of hostilities. Inflation in the US boosted the Greenback’s prospects, yet GBP/USD trades at around 1.3400, virtually unchanged.
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