ECB’s Muller: Slower inflation rises the chances of a June rate cut

Source Fxstreet

European Central Bank (ECB) policymaker Madis Muller said on Friday that “slower inflation rises the chances of a June rate cut.”

Muller added that “there are more signs the economy is strengthening.”

Market reaction

At the time of writing, EUR/USD is testing lows near 1.0675, down 0.42% on the day.

Euro price today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   0.42% 0.32% 0.27% 0.41% 0.06% 0.40% 0.28%
EUR -0.43%   -0.11% -0.16% -0.01% -0.37% -0.04% -0.15%
GBP -0.32% 0.09%   -0.08% 0.09% -0.29% 0.07% -0.06%
CAD -0.27% 0.17% 0.08%   0.12% -0.20% 0.15% 0.01%
AUD -0.42% 0.00% -0.06% -0.15%   -0.35% -0.02% -0.14%
JPY -0.06% 0.35% 0.25% 0.21% 0.34%   0.34% 0.22%
NZD -0.42% 0.01% -0.09% -0.15% -0.02% -0.35%   -0.14%
CHF -0.30% 0.16% 0.08% -0.02% 0.14% -0.21% 0.12%  

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).

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold declines as Trump scraps Iran memorandum, markets await Fed minutesGold (XAU/USD) trades around $4,050 on Wednesday, down 1.40% on the day at the time of writing, as investors favor the US Dollar (USD) following a fresh deterioration in tensions between the United States (US) and Iran.
Author  FXStreet
8 hours ago
Gold (XAU/USD) trades around $4,050 on Wednesday, down 1.40% on the day at the time of writing, as investors favor the US Dollar (USD) following a fresh deterioration in tensions between the United States (US) and Iran.
placeholder
WTI Crude Oil Price Forecast: US-Iran Situation Worsens, Oil Prices Expected to Rise to $80 As of the Asian session on July 8, WTI ( USOIL) crude oil prices rose to around $72, rebounding significantly from previous trading sessions. From a technical perspective, oil prices had
Author  TradingKey
8 hours ago
As of the Asian session on July 8, WTI ( USOIL) crude oil prices rose to around $72, rebounding significantly from previous trading sessions. From a technical perspective, oil prices had
placeholder
Trump Says US-Iran Temporary Ceasefire Agreement Has Ended, WTI Crude Oil Rises Over 6%US President Trump stated at the NATO annual summit on July 8 that he believes the US-Iran memorandum of understanding is "over." This means the temporary ceasefire state between the two
Author  TradingKey
8 hours ago
US President Trump stated at the NATO annual summit on July 8 that he believes the US-Iran memorandum of understanding is "over." This means the temporary ceasefire state between the two
placeholder
US President Trump: I think MoU with Iran is overUnited States (US) President Donald Trump said during European trading hours on Wednesday that the memorandum of understanding (MoU) with Iran, aimed at ending the war in the Middle East, is over.
Author  FXStreet
9 hours ago
United States (US) President Donald Trump said during European trading hours on Wednesday that the memorandum of understanding (MoU) with Iran, aimed at ending the war in the Middle East, is over.
placeholder
WTI spikes following fresh US airstrikes on IranWest Texas Intermediate (WTI) oil price continues to advance after registering nearly 5% gains in the previous day, trading around $72.20 per barrel during the Asian hours on Wednesday.
Author  FXStreet
17 hours ago
West Texas Intermediate (WTI) oil price continues to advance after registering nearly 5% gains in the previous day, trading around $72.20 per barrel during the Asian hours on Wednesday.
Related Instrument
goTop
quote