The recent data from the euro area solidify the confidence in the European Central Bank’s (ECB) baseline economic scenario, ECB Governing Council member Klaas Knot said on Friday, as reported by Reuters. “Balance of risks has become more favourable,” Knot added. “Governments could spend more to offset the surge in private savings.” Market reaction These comments don’t seem to be having a significant impact on the shared currency’s performance. As of writing, the EUR/USD pair was down 0.12% on the day at 1.1225. Meanwhile, the Euro Stoxx 50 Index was down 0.8% on the day at 3,293 points. 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 S&P 500: US stocks outperformance to end over the next two and a half years – Capital Economics FX Street 3 years The recent data from the euro area solidify the confidence in the European Central Bank's (ECB) baseline economic scenario, ECB Governing Council member Klaas Knot said on Friday, as reported by Reuters. "Balance of risks has become more favourable," Knot added. "Governments could spend more to offset the surge in private savings." Market reaction These comments don't seem to be having a significant impact on the shared currency's performance. As of writing, the EUR/USD pair was down 0.12% on the day at 1.1225. Meanwhile, the Euro Stoxx 50 Index was down 0.8% on the day at 3,293 points. 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.
