In an interview with CNBC, the European Central Bank (ECB) President Christine Lagarde expressed her take on rising price pressures, dismissing higher inflation as temporary.
“See return to much more stability in a year to come.”
“Still quite a lot of slack in terms of employment.”
“Will see movement on the inflation front.”
EUR/USD is keeping its range play intact below 1.1750 on the above comments, pressured by a broad US dollar rebound. The spot was last seen changing hands at 1.1735, unchanged on the day.