Energy price retreat to cool Eurozone inflationary pressures
The European Central Bank policymaker and Dutch central bank chief said the falling energy prices after easing Middle East tensions would have an impact on inflation.
The ECB’s primary mandate is to maintain price stability, which means keeping inflation at around 2%.
The EUR/USD recovered in the European session to near 1.1400, but it is still 0.2% down from Monday’s closing price, with the impact appearing to come from the US Dollar (USD) giving up slight early gains.