French Finance Minister Bruno Le Maire reiterated on Wednesday, inflation is transitory
However, he added that “we need to remain vigilant on this.”
“Need to protect French people from inflationary pressures.”
“Need to increase wages in certain sectors that are facing difficulties in finding staff.”
EUR/USD has recovered the Asian decline to fresh 16-month lows of 1.1264, currently trading at 1.1317, modestly flat on the day.