Euro rises against the dollar after the February 3 ECB Council meeting
Euro area producer prices rise 26.2% year-on-year in December, the highest growth on record
Eurostat announced on February 3 that the December euro area producer price index rose 2.9% month-on-month and 26.2% year-on-year.
Energy prices surged. Energy prices rose 7.0% month-on-month and 73.4% year-on-year.
ECB President Christine Lagarde signaled vigilance toward inflation at a press conference after the ECB Governing Council meeting on February 3.
Expectations of an interest rate hike later this year have risen, supporting euro buying。
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