The euro falls to Lagarde’s caution about growth and inflation
The euro falls to Lagarde's caution about growth and inflation
The euro fell on Thursday and lost $ 1,1050, before the caution of the president of the European Central Bank (ECB), Christine Lagarde, on growth, inflation and others issues like climate change.
The single currency was changed around 4:00 p.m. GMT to $ 1,1043, compared to $ 1,1076 in the last hours of the European trading of the foreign exchange market of the previous day.
The ECB today set the reference exchange rate of the euro at $ 1.1091.
The euro has fallen to its minimum value against the dollar since the beginning of December.
Concerns remain in the market for the outbreak of coronavirus and therefore risk aversion and preference for assets that are considered safe as the dollar.
Lagarde announced that the Governing Council has started reviewing its monetary policy strategy today and found that “moderate growth” is maintained in the euro area.
The fluctuation band of the euro against the dollar today ranged between $ 1.1040 and $ 1.109.