Speaking at a conference in Frankfurt on Monday, European Central Bank (ECB) Vice President Luis de Guindos argued that one of the most significant vulnerabilities of euro area banks was their weak profitability prospects. “The recent softening of the macroeconomic growth outlook and the associated low-for-longer interest rate environment are likely to weigh further on their profitability prospects,” de Guindos explained, per Reuters. These comments were largely ignored by the market participants and the EUR/USD pair was last seen trading at 1.1065, adding 0.13% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD rally awaits Trump – tweets may end it Yohay Elam 3 years Speaking at a conference in Frankfurt on Monday, European Central Bank (ECB) Vice President Luis de Guindos argued that one of the most significant vulnerabilities of euro area banks was their weak profitability prospects. "The recent softening of the macroeconomic growth outlook and the associated low-for-longer interest rate environment are likely to weigh further on their profitability prospects," de Guindos explained, per Reuters. These comments were largely ignored by the market participants and the EUR/USD pair was last seen trading at 1.1065, adding 0.13% on a daily basis. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
