ECB’s Lagarde: Can’t jump to conclusion that inflation target is a done deal

• “We are not unhappy with what we have seen,” on inflation.
• Hopes inflation can get back to target sooner than projected
• Inflation numbers are relatively reassuring
• We “absolutely confident” in hitting inflation target sustainably in the course of 2025 but not sure when

The euro is struggling again today alongside the pound. Most of the recent EUR/USD drop was driven by dollar strength but that’s not the case today.

This article was written by Adam Button at www.forexlive.com.