Inflation expectations among Eurozone consumers rose sharply from 3.5% in August to 4.0% in September for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Wednesday.

Meanwhile, Eurozone consumers see inflation at 2.5% in three years' time, unchanged vs. the previous month, the ECB survey showed.

Market reaction

At the press time, EUR/USD is accelerating its decline to trade near 1.0660, losing 0.32% on the day.