EUR – The euro plunged to a two-year low on Thursday as comments from European Central Bank President Lagarde fell short of expectations, ultimately implying to market participants that the ECB was in no rush to raise interest rates.
Commenting on Lagarde’s tone, Monex simply noted that “given how uncertain conditions are at the moment, Lagarde’s caution can be justified, but it is fair to say that markets were expecting a bit more sprinkle after the eventful March meeting.”
Commenting on Lagarde’s tone, Monex simply noted that “given how uncertain conditions are at the moment, Lagarde’s caution can be justified, but it is fair to say that markets were expecting a bit more sprinkle after the eventful March meeting.”
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.