Tag Archives: Christine Lagarde

The Euro gave back earlier gains on Wednesday after European Central Bank President Christine Lagarde said the era of ultra-low inflation that preceded the pandemic is unlikely to return.Speaking at a panel at the ECB Forum in Sintra, Portugal, alongside US Fed Chair Jerome Powell and Bank of England Governor …

European Central Bank President Christine Lagarde, FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey speak on the policy outlook at the ECB’s annual Forum on Central Banking.Key Quotes Powell: “Dollar strength is disinflationary at the margins.”Powell: “We working hard to get smarter about the supply side.”Bailey: …

EUR/USD climbs to 1.0700 of the ECB policy decision The EUR/USD has pared some of Monday’s losses and is now testing the 50-day moving average to the upside on Tuesday during the North American session. At 1.0709, the EUR/USD pair exchanges hands on top of the previously-mentioned DMA at the …

The EUR/USD reached new weekly lows below 1.0700 despite the EU inflation breaking above the 8% threshold. The euro retreats during the American session but bounced off daily’s lows in a high volatility trading session that witnessed the EUR/USD rallying near 1.0780 and falling to 1.0678, but is stabilizing. At …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) soared by 8.1% in May vs. the previous reading of 7.4%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a reading of 7.7%. The core figures arrived at 3.8% YoY in May when compared to …

For the Fed minutes and sessions ahead, the pair could be based here and result in a higher correction from support. Any Ultra Hawkish remarks by FOMC minutes will likely support the US dollar and potentially send the euro below 1.0640 towards a daily 61.8% ratio down at 1.0615.The US …

Some of the more hawkish European Central Bank policymakers are annoyed at the rate-hike timeline outlined by central bank President Christine Lagarde, Bloomberg reported on Monday citing sources, given some had preferred a faster option. Lagarde effectively signaled in a blog post on Monday that the bank would bring rates …

Eurozone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU’s statistics agency said today, lowering its estimate from a preliminary 7.5%. Inflation has soared over the past year, first on post-Covid supply bottlenecks and latterly on knock-on effects from Russia’s …

ECB President Christine Lagarde has allowed national central bank chiefs a bigger say in policy meetings, asking her board members to speak less and set aside more time for debate.Lagarde has told chief economist Philip Lane and board member Isabel Schnabel to limit their presentations and leave more space for …

It is evident that ECB president Christine Lagarde has a euro problem though weaker euro is the last thing that Lagarde needs at a time when the ECB is trying to tame hot inflation within the Eurozone. As inflation nears 7.5 percent, the fastest rate since 1999, the exhausted euro …