ECB's Schnabel says the exchange rate hasn't changed that much and that the energy price shock is the first order
- Unlike in 2022, we don't know how much of the reduction in supply is permanent.
Context
Schnabel's comments suggest a more measured view on the euro's exchange rate, indicating stability relative to previous tumultuous periods. Her focus on the energy price shock as a primary concern signals that any potential policy adjustments may center around inflation factors rather than currency values, guiding Forex and Fixed Income market expectations accordingly.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#EUR#EUROPE#ECB#IMPORTANT#FIXED INCOME#EU SESSION#US SESSION#CENTRAL BANK