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The latest macroeconomic data solidify confidence in the European Central Bank’s (ECB) baseline scenario, ECB Governing Council member Klaas Knot said on Thursday.

“There’s now a glimmer of the beginning of a recovery,” Knot added, as reported by Reuters.

Market reaction

These comments don’t seem to be having a significant impact on market sentiment or the shared currency’s performance. As of writing, the Euro Stoxx 50 Index was up 0.35% on the day at 3,207 points while the EUR/USD pair was losing 0.35% at 1.1208.