Commenting on the French economic outlook, the member of the Governing Council of the European Central Bank (ECB) and director of the Bank of France, Francois Villeroy of Galhau, said Tuesday that “the recession is behind us“.
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“The 2021 economic growth in France should be at least 5%, one of the strongest in Europe “.
In the last hour, French Finance Minister Bruno Le Maire said that the economy will recover quickly once the current covid restrictions are lifted.
Market reaction
Amid widespread market optimism and easing Treasury yields, EUR / USD is extending its recovery from four-month lows of 1.1836.
The pair was last seen trading at 1.1874, gaining 0.27% on the day as the bulls look to regain the 1.1900 level.
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