Christine Lagarde, President of the Europen Central Bank (ECB), said on Wednesday that the United States’ fiscal response is expected to lift the European growth by 0.3% over the medium term, as reported by Reuters. Additional takeaways “US spillover on Europe’s inflation to be 0.15%.” “Major spillover from the US will impact 2022 mostly.” “Countries with larger tourism sectors will likely take longer to recover.” “Been amazed by corporate, household adjustment to the crisis.” Market reaction The EUR/USD pair showed no immediate reaction to these comments and was last seen losing 0.08% on a daily basis at 1.1956. 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 Lagarde speech: We are still clearly dealing with pandemic crisis FX Street 2 years Christine Lagarde, President of the Europen Central Bank (ECB), said on Wednesday that the United States' fiscal response is expected to lift the European growth by 0.3% over the medium term, as reported by Reuters. Additional takeaways "US spillover on Europe's inflation to be 0.15%." "Major spillover from the US will impact 2022 mostly." "Countries with larger tourism sectors will likely take longer to recover." "Been amazed by corporate, household adjustment to the crisis." Market reaction The EUR/USD pair showed no immediate reaction to these comments and was last seen losing 0.08% on a daily basis at 1.1956. 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.
