fxs_header_sponsor_anchor

News

Incoming ECB President Lagarde: Highly accommodative policy warranted for prolonged period, EUR/USD regains 1.10

European Central Bank’s (ECB) nominated President Christine Lagarde is on the wires now, via Reuters, speaking in front of the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

Key Headlines:

Euro area economy faces near term risks.

 Inflation persistently too low.

Highly accommodative policy warranted for prolonged period.

Must be mindful of negative effects of unconventional policies.

Tech change, climate change present future challenges.

Banking, capital market union must be completed.

Review of monetary framework is warranted.

Despite the dovish comments from the next ECB Chief, the EUR/USD pair extended the recovery and regained the 1.10, helped by ongoing US dollar decline across the board. 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.