Lagarde speech: Still believe that we should be very vigilant about services

Dhwani Mehta FXStreet

In an interview with the Financial Times (FT) on Monday, European Central Bank (ECB) President Christine Lagarde said that she “still believes that we should be very vigilant about services.”

Additional comments

We're getting very close to that stage when we can declare that we have sustainably brought inflation to our medium-term 2%.

Significant difference between US growth and European growth attributed to two things predominantly; one is energy.

Second significant difference between US growth and European growth is due to furlough schemes in Europe.

Market reaction

At the time of writing, EUR/USD is holding its recovery near 1.0450, up 0.12% on the day.

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		-0.08%	-0.09%	0.16%	-0.08%	-0.12%	-0.07%	0.08%
EUR	0.08%		-0.04%	0.16%	-0.02%	0.02%	-0.01%	0.15%
GBP	0.09%	0.04%		0.18%	0.03%	0.06%	0.04%	0.21%
JPY	-0.16%	-0.16%	-0.18%		-0.19%	-0.21%	-0.20%	-0.08%
CAD	0.08%	0.02%	-0.03%	0.19%		0.00%	0.00%	0.17%
AUD	0.12%	-0.02%	-0.06%	0.21%	-0.01%		-0.03%	0.13%
NZD	0.07%	0.01%	-0.04%	0.20%	-0.00%	0.03%		0.13%
CHF	-0.08%	-0.15%	-0.21%	0.08%	-0.17%	-0.13%	-0.13%

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

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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