Villeroy's comments boost the Euro

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Governor of Banque de France Francois Villeroy de Galhau, who is a policymaker at the European Central Bank, has just stated that the ECB would raise rates until core inflation declines. The governor stated that the 4.8% core inflation in the Euro Zone was too high and too broad.

The statement of the central banker caused a surge of the Euro against peer currencies. By 13:00 GMT, the EUR/USD had gained 1.05% or 103 base points.
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