More from Constancio: Inflation still not meeting expectations

Author: Justin Low | Category: News

ECB vice president speaks Vitor Constancio in an interview

  • ESM tasks should not change
  • Worried about euro moves that don't reflect fundamentals
  • Changes to ECB's forward guidance won't be immediate
Well, with core inflation sitting just under 1% go figure.

Later on today at 1000 GMT we're going to have Eurozone December inflation final readings. You can view the preliminary readings here.

Wow, his last two comments is enough to send the EUR lower on the day. EUR/USD now at 1.2226. EUR/GBP now at 0.8878. Both pairs down to session lows.

Seems like more jawboning from the ECB on the euro following Villeroy's attempt yesterday here.

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