ECB’s de Guindos: Urging for caution due to evolution of prices

Noticias del mercado

9 octubre 2023

ECB’s de Guindos: Urging for caution due to evolution of prices

European Central Bank (ECB) Vice President Luis de Guindos said on Monday that the macroeconomic environment is subject to "enormous uncertainty," especially after the latest Israel-Gaza conflict, per Reuters.

De Guindos said that he was expecting inflation to continue to decline in coming months but urged for caution, citing "evolution of oil prices, the depreciation of the euro and the evolution of unit labour costs."

Market reaction

The EUR/USD pair stays on the back foot and was last seen losing 0.5% on a daily basis at 1.0535.

Singapore Foreign Reserves (MoM) rose from previous 337.3B to 337.4B in September

NZD/USD looks to approach 0.5950, Greenback recovers on risk-off mood

Enfoque del mercado

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