ECB Survey: Consumers see inflation sharply higher for next 12 months at 4.0% in September

Inflation expectations among Eurozone consumers rose sharply from 3.5% in August to 4.0% in September for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Wednesday.

Meanwhile, Eurozone consumers see inflation at 2.5% in three years' time, unchanged vs. the previous month, the ECB survey showed.

Euro flirts with weekly lows near 1.0670 ahead of Fed’s Powell

The Euro (EUR) continues its decline against the US Dollar (USD), forcing EUR/USD to retreat further and revisit the 1.0670 zone on Wednesday.
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