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.