• French FinMin Le Maire: Should pass inflation peak at end of 2023

Market news

1 June 2022

French FinMin Le Maire: Should pass inflation peak at end of 2023

French Finance Minister Bruno Le Maire said in a Le Figaro Interview on Wednesday, the economy should pass the inflation peak at the end of 2023.

His comments come after Consumer prices in the euro area’s second-largest economy accelerated 5.8% from a year ago in May, hitting a record high.

Market reaction

EUR/USD is flirting with lows just above 1.0700 amid a broad US dollar comeback and firmer yields. The spot is down 0.20% on the day, awaiting a busy docket.

  • EUR/USD flirts with 1.0700 support ahead of ECB’s Lagarde, US ISM PMI

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