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Inflation target difficult to reach – ECB’s Nowotny

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Ewald Nowotny, member of the ECB’s Governing Council, has argued that reaching the 2% inflation target in the euro area remains ‘difficult’. He also added that the current collapse of crude oil prices is ‘extraordinary’.

    In the meantime, EUR/USD extends its upside momentum to the 1.0980 area, or 3-day peaks.
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