European Central Bank (ECB) policymaker Pierre Wunsch said on Thursday that they have some indications, not strong ones, that wage growth in the Euro area is softening, as reported by Reuters.
“There is value in waiting to get more comforting wage data,” Wunsch added.
Market reaction to ECB commentary
These comments don’t seem to be having a noticeable impact on the Euro’s performance against its major rivals. At the time of press, EUR/USD was trading at 1.0756, losing 0.15% on a daily basis.
Source: https://www.fxstreet.com/news/ecbs-wunsch-there-is-value-in-waiting-to-get-more-comforting-wage-data-202402081256