Inflation expectations among Eurozone consumers declined from 3.0% in March to 2.9% in April for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Tuesday.
Additional takeaways
“The year ahead inflation expectations hit the lowest level since September 2021. “
“Expectations for inflation three years out slipped to 2.4% from 2.5%, still far above the ECB’s 2% target.”
“Younger respondents continued to report lower inflation expectations than older respondents, although there was a convergence of inflation perceptions across age groups.”
“Income expectations remained unchanged while consumers were also less pessimistic about growth, predicting a 0.8% contraction in the next year versus a 1.1% drop seen a month earlier.”
“They also expected only a slight increase in unemployment, implying a broadly stable labor market.”
Market reaction
At the press time, EUR/USD is trimming gains to trade near 1.0865, as easing inflation expectations ramp up ECB June rate cut bets.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.10% | -0.00% | 0.00% | -0.04% | -0.07% | -0.20% | -0.19% | |
| EUR | 0.10% | 0.10% | 0.09% | 0.04% | 0.04% | -0.05% | -0.08% | |
| GBP | 0.00% | -0.10% | 0.00% | -0.06% | -0.05% | -0.15% | -0.19% | |
| JPY | 0.00% | -0.09% | 0.00% | -0.03% | -0.05% | -0.14% | -0.15% | |
| CAD | 0.04% | -0.04% | 0.06% | 0.03% | -0.03% | -0.12% | -0.15% | |
| AUD | 0.07% | -0.04% | 0.05% | 0.05% | 0.03% | -0.09% | -0.14% | |
| NZD | 0.20% | 0.05% | 0.15% | 0.14% | 0.12% | 0.09% | -0.03% | |
| CHF | 0.19% | 0.08% | 0.19% | 0.15% | 0.15% | 0.14% | 0.03% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).