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.”

Market reaction

EUJR/USD is trading near-daily lows of 1.1355, knocked down by the resurgent US dollar demand.