ECB Pres. Lagarde is speaking and says:
- Growth in Europe mediocre, much slower than in the US.
- We are clearly seen to mid signs of recovery
- Euro area inflation is a different animal than in the US
- We monitor the exchange rate
- It is obvious that exchange rates may have an impact on inflation
The EURUSD has moved higher on the comments about the exchange rate.
This article was written by Greg Michalowski at www.forexlive.com. Source