Exchange Rate in Euro Area
Harmonized inflation rose in April, surprising markets on the upside by increasing to 7.0% from March’s 6.9%. Inflation should resume its downward trend ahead, curbed by tighter financing conditions and cooling domestic demand. A wage-price spiral poses an upside risk, as does a less-hawkish-than-expected monetary policy stance should financial turbulence reignite.
Euro Area Exchange Rate Chart
Euro Area Exchange Rate Data
|Exchange Rate (USD per EUR, eop)||1.20||1.14||1.12||1.22||1.14|