European Central Bank (ECB) policymaker Yannis Stournaras said on Friday that there is a widespread view that many eurozone banks underestimate credit losses due to the coronavirus pandemic, as reported by Reuters. “The asset quality of European lenders will be in the epicentre of supervisory action this year,” Stournaras further added. Market reaction These comments don’t seem to be having a significant impact on the shared currency’s performance against its major rivals. As of writing, the EUR/USD pair was down 0.27% on a daily basis at 1.2123. 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 Price Analysis: A break below 1.2100 loses traction FX Street 2 years European Central Bank (ECB) policymaker Yannis Stournaras said on Friday that there is a widespread view that many eurozone banks underestimate credit losses due to the coronavirus pandemic, as reported by Reuters. "The asset quality of European lenders will be in the epicentre of supervisory action this year," Stournaras further added. Market reaction These comments don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was down 0.27% on a daily basis at 1.2123. 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.
