Trichet sees inflation dipping through the spring and summer on base effects like oil price rises in the prior year, but inflation rising again later in 2007. The ECB is monitoring wage demands very closely, Trichet said.
No real surprise in the comments as yet, with the market dismissing the notion of an ECB pause in recent days. The Q&A should be interesting as Trichet will undoubtedly be peppered with questions on the topic. EUR/USD has eased to 1.3000. Stops remain below 1.2975 with offers above 1.3025.
No comments:
Post a Comment