ECB's Villeroy: We are very close to the peak in inflation

“We are very near to the peak in inflation,” European Central Bank (ECB) policymaker Francois Villeroy de Galhau said in an interview with LCI TV on Wednesday.

Additional quotes

“ECB will do what is necessary to achieve 2% inflation.”

“French economy is overall resilient despite Omicron.”

NZD/USD struggles for a firm direction, stuck in a range below 0.6800 mark

The NZD/USD pair lacked any firm directional bias and remained confined in a narrow trading band near the weekly high, just below the 0.6800 mark thro
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USD/CAD hangs near two-month low, just above mid-1.2500s as traders await US CPI

The USD/CAD pair remained on the defensive through the early European session and was last seen hovering near a two-month low, just above mid-1.2500s.
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