Anxiety for ECB

Friday, 15 April 2011 01:24

European Central Bank's vice-president, Constancio, dicussed matters this morning on worldwide news; mentioning that inflation remained a worry.  The most recent inflatio data points that the HICP rose more tha expected to a high of 2.7%.

Inflation has become a main issue in the world which pushes interest rates higher.  CPI reached a yearly pace of 2.6%, causing the EUR/USD to move a littel higher. 

Euro area's annual inflation was 2.7% in March 2011, more than 2.4% in February. (Figures coming from the stati

EUR/USD is trading 1.4449. 

Tags: , , , , , ,

This entry was posted on Friday, April 15th, 2011 at 13:24 and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

DISCLAIMER: This material (written and attachments) is considered a non-binding marketing communication and does not contain investment advice, investment recommendations or any offer or solicitation for any transactions in financial instruments in any jurisdictions. Mega Trader FX does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability as to the accuracy or completeness of the information provided. Any expressions of opinion are subject to change without notice and opinions made may be personal to the author and may not reflect the opinions of Mega Trader FX. This content must not be reproduced or further distributed without the prior permission of Mega Trader FX