Frank Elderson, Vice-Chair of the Supervisory Board at the European Central Bank (ECB), warned of economic growth risks materializing, in an interview with the Slovenian daily, Delo, on Tuesday.
Additional comments
Open-minded ahead of the October meeting.
ECB decisions are made on a meeting-by-meeting basis.
Urge careful assessment of inflation implications.
Market reaction
EUR/USD clings to latest gains near 1.0985, at the time of writing.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.08% | -0.07% | -0.18% | 0.04% | 0.44% | 0.05% | -0.08% | |
| EUR | 0.08% | 0.02% | -0.08% | 0.13% | 0.52% | 0.12% | 0.00% | |
| GBP | 0.07% | -0.02% | -0.10% | 0.09% | 0.50% | 0.09% | -0.01% | |
| JPY | 0.18% | 0.08% | 0.10% | 0.34% | 0.63% | 0.20% | 0.12% | |
| CAD | -0.04% | -0.13% | -0.09% | -0.34% | 0.40% | 0.00% | -0.11% | |
| AUD | -0.44% | -0.52% | -0.50% | -0.63% | -0.40% | -0.41% | -0.50% | |
| NZD | -0.05% | -0.12% | -0.09% | -0.20% | -0.01% | 0.41% | -0.10% | |
| CHF | 0.08% | -0.01% | 0.00% | -0.12% | 0.11% | 0.50% | 0.10% |
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).
Source: https://www.fxstreet.com/news/ecbs-elderson-warns-of-economic-growth-risks-materializing-202410080538