EUR/USD: ECB's Moulin says inflation expectations anchored amid energy shocks
The source reports no EUR/USD price move, pip figure or technical levels. ECB Governing Council member Emmanuel Moulin said on Wednesday that the eurozone's elevated inflation figures are almost entirely the result of energy-driven price shocks. He also said inflation expectations remain anchored. By attributing high inflation mainly to energy rather than to broader, self-sustaining price pressures, Moulin's comments take a more measured view than recent hawkish pressure on the ECB. For EUR traders, his remarks point to an ECB policymaker who is not signalling urgency for further tightening. That stance contrasts with data such as Spain's rising core inflation, which has added to calls for rate hikes. The divergence between firm inflation readings and relatively relaxed policymaker commentary may keep the euro's policy-driven direction uncertain.
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