Christopher Nye
on June 17th, 2021 The euro fell sharply against the dollar after the Federal Reserve’s announcement yesterday gave the greenback a boost.
Later this morning, inflation rate figures for the Eurozone will be released. The annual figure for May is expected to come in at 2%, which would be higher than the European Central Bank’s target of ‘just below’ 2%.
Yesterday, ECB official Olli Rehn said that the recent high inflation is temporary and that there are “currently no signs of a rise in broader price pressures”.
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