ECB Governing Council Wunsch: Inflation prospects are still at risk

European Central Bank Governing Council member Pierre Wunsch still believes consumer prices are at risk, including weakening the euro if the Eurozone's monetary policy deviates too far from the US. Although the Eurozone may start cutting interest rates this year, the Belgian central bank governor is urging caution. He said there are still significant risks to the wage growth trajectory and inflation in wage-intensive services. “This is not the time to commit to a defined course of action,” he said. Speaking at the Central Bank Center in Frankfurt on Wednesday, Wunsch said, “One known unknown factor is still the influence of exchange rates and

環球市場播報May 8 09:58 ET

German Industry Won't Help Economic Growth in Coming Months -- Market Talk

German industrial production might continue to weaken in the coming months, with incoming orders still subdued, before a mild recovery in the second half of 2024, according to Commerzbank economist Ralph Solveen.

WSJMay 8 05:47 ET

The Bank of Japan is suspected of “taking action” again to save the yen Kazuo Ueda suggests interest rate hikes

Bank of Japan Governor Kazuo Ueda strengthened his rhetoric about the weak yen one day after meeting with Prime Minister Fumio Kishida.

Zhitong FinanceMay 8 02:05 ET

EUR/JPY Price Analysis: The First Upside Barrier Will Emerge at 167.20

The EUR/JPY cross trades on a positive note for three straight days around 166.65 on Wednesday during the early European session.

FXStreetMay 8 01:21 ET

Japan's Suzuki: Rapid FX Moves Are Undesirable

Japanese Finance Minister Shunichi Suzuki said on Wednesday that rapid foreign exchange (FX) movements are undesirable. However, Suzuki declined to comment on whether the US has agreed on Japan's FX intervention.

FXStreetMay 8 00:29 ET

EUR/JPY Price Analysis: Bears Lose Ground and Bulls Reclaim the 20-day SMA

Despite the red flag hinted by the negative territory of the daily MACD, the buying momentum continues to strengthen

FXStreetMay 7 16:06 ET