European Central Bank's vice-president, Constancio, dicussed matters this morning on worldwide news; mentioning that inflation remained a worry. The most recent inflatio data points that the HICP rose more tha expected to a high of 2.7%.
Inflation has become a main issue in the world which pushes interest rates higher. CPI reached a yearly pace of 2.6%, causing the EUR/USD to move a littel higher.
Euro area's annual inflation was 2.7% in March 2011, more than 2.4% in February. (Figures coming from the stati
EUR/USD is trading 1.4449.
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