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ECB's Lagarde: We are not seeing transmission from wages to inflation yet

"We are not seeing a transmission from wages to inflation yet," European Central Bank President Christine Lagarde said during a panel discussion at the World Economic Forum on Friday.

"We're seeing inflation moving a teeny, tiny little bit but this is really minor," Lagarde added, per Reuters. "It would take much higher numbers to actually change the picture fundamentally."

Market reaction

The EUR/USD pair's reaction to these comments was largely muted and it was last seen trading at 1.1038, down 0.13% on a daily basis.

NZD/USD pulls away from weekly highs, continues to trade above 0.6600

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BoJ's Kuroda: Strength in business investment to continue

The strength in business investment in Japan is expected to continue, Bank of Japan Governor Kuroda said during a panel discussion at the World Econom
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