The negative effects of the euro exchange rate are being closely monitored – François Villeroy

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The member of the Governing Council of the European Central Bank and President of the Bank of France, Francois Villeroy de Galhau, made a statement, collected by Reuters, highlighting that the negative effects of the euro exchange rate are being closely monitored.

Featured statements:

We will maintain favorable monetary conditions as long as necessary. “

“We remain clearly committed to the 2% inflation target.”

EUR / USD back below 1.2200

He EUR/USD it has seen a quick drop below 1.2200 following the previous comments, now trading around 1.2184, shedding 0.18% on the day.

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