Christine Lagarde, President of the Europen Central Bank (ECB), said on Wednesday that they are still clearly dealing with the pandemic crisis and reiterated that support is required well into the recovery, per Reuters. Lagarde further noted that banks in the eurozone are “pretty solid” but added that they expect to see more bankruptcies going forward. Market reaction The shared currency weakened modestly against its major rivals in the last hour. As of writing, the EUR/USD pair, which touched a daily high of 1.1973, was posting small gains at 1.1954. 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 Could Bitcoin undermine the dollar and the United States? Perhaps – Nordea FX Street 2 years Christine Lagarde, President of the Europen Central Bank (ECB), said on Wednesday that they are still clearly dealing with the pandemic crisis and reiterated that support is required well into the recovery, per Reuters. Lagarde further noted that banks in the eurozone are "pretty solid" but added that they expect to see more bankruptcies going forward. Market reaction The shared currency weakened modestly against its major rivals in the last hour. As of writing, the EUR/USD pair, which touched a daily high of 1.1973, was posting small gains at 1.1954. 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.
