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.