European Central Bank’s (ECB) chief economist Philip Lane on Thursday said the euro’s exchange rate was not a policy target for the ECB, as reported by Reuters. “It’s plausible that the impact of rate cuts on the euro exchange rate has intensified over time,” Lane further acknowledged. The shared currency seems to be losing strength against its major rivals in the last hour. At the time of press, the EUR/USD pair was trading at 1.0995, losing 0.12% 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 NZD/USD retreats below 0.6400 following Wednesday’s impressive rally FX Street 3 years European Central Bank's (ECB) chief economist Philip Lane on Thursday said the euro's exchange rate was not a policy target for the ECB, as reported by Reuters. "It's plausible that the impact of rate cuts on the euro exchange rate has intensified over time," Lane further acknowledged. The shared currency seems to be losing strength against its major rivals in the last hour. At the time of press, the EUR/USD pair was trading at 1.0995, losing 0.12% 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.
