Euro in retreat against the main currencies on the rumors of a probable cut by the ECB of inflation estimates. The single currency lost more than half a percentage point against the dollar, yen and sterling and quickly returned to the threshold of 1,12 dollars (from the 1,127 area in which it traveled in the morning) and below the 123 yen level for one euro (at 122,69 .0,8685) recording the lowest since the end of April. The euro/sterling exchange rate stood at XNUMX.
As reported by Bloomberg, the European Central Bank, at the conclusion of the two-day meeting that opens today in Tallinn, could cut the outlook on inflation due to lower energy prices bringing them to 1,5% for all three years 2017-2018-2019 against the indications of 1,7% for 2017, 1,6% for 2018 and 1,7% for 2019 released in March. In reverse GDP estimates could be revised slightly upwards 0,1%.
