ECB's Villeroy: Lagarde would be a great ECB President
|Commenting on IMF Managing Director Christine Lagarde's nomination for the European Central Bank (ECB) presidency, ECB Governing Council member and Bank of France Head Villeroy de Galhau said that Lagarde would be a great president and added that she would have his full support.
Regarding the policy outlook, "monetary policy needs to remain active," Villeroy said. "There should be no doubts about either our determination or our means to take action."
The EUR/USD, which has been having a tough time making a decisive move in either direction following Monday's sharp fall, was last seen posting small daily gains near 1.13.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.