European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Thursday that he “commits to an inflation back at 2.0% by 2025.”
Further comments
French economy is slowing but more robust than feared.
Confirm the 2024 growth estimate for French economy of 0.9%.
Market reaction
EUR/USD is unfazed by the above comments, holding higher ground near 1.0985, up 0.13% 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 US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.11% | -0.22% | -0.15% | -0.32% | -0.26% | -0.44% | -0.18% | |
| EUR | 0.11% | -0.11% | -0.04% | -0.21% | -0.16% | -0.34% | -0.03% | |
| GBP | 0.20% | 0.11% | 0.07% | -0.09% | -0.03% | -0.24% | 0.08% | |
| CAD | 0.15% | 0.04% | -0.07% | -0.16% | -0.10% | -0.28% | 0.01% | |
| AUD | 0.32% | 0.20% | 0.11% | 0.18% | 0.05% | -0.12% | 0.16% | |
| JPY | 0.25% | 0.15% | 0.03% | 0.08% | -0.07% | -0.20% | 0.08% | |
| NZD | 0.43% | 0.36% | 0.23% | 0.28% | 0.12% | 0.19% | 0.32% | |
| CHF | 0.12% | 0.02% | -0.10% | -0.03% | -0.19% | -0.14% | -0.31% |
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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/ecbs-villeroy-commits-to-bring-inflation-back-at-20-by-2025-202401110707