The European Central Bank (ECB) will be extremely attentive “to the impact of the exchange rate on pricesPresident Christine Lagarde said in a speech scheduled today at the Reuters Online event.
“We monitor very carefully the movements of the foreign exchange market, although we do not have a goal,” he added.
Before Lagarde’s speech, the member of the Governing Council and director of the Bank of France, Francois Villeroy de Galhau said the negative effects of the euro exchange rate are being closely monitored.
EUR / USD remains below 1.2200
He EUR/USD It has fallen to daily lows at 1.2182 as markets take in Lagarde’s comments.
The pair is trading at the time of writing above 1.2186, losing 0.16% daily.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
