ECB’s Villeroy: Trump's tariff pause decision is less bad news

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Thursday that US President Donald “Trump's tariff pause decision is less bad news but still bad news elements out there in America.”

Additional comments

Protectionism remains a bad element for the American economy.
There is room for talks in the coming 3 months over the Trump tariffs situation.
Good that Europe has kept its cool during talks with the Trump administration over tariffs.
Trump policies in recent weeks have eroded confidence in the US Dollar.
Reaffirms that he does not expect a French economic recession.

Market reaction

At the press time, EUR/USD is 0.30% higher on the day at 1.0980.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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