OctaFX | OctaFX Forex Broker
Open trading account

ECB’s Makhlouf: Coronavirus has potential for negative short-term shock to international economic growth

Coronavirus has potential for a negative short-term shock to the growth of the international economy, Central Bank of Ireland Governor and European Central Bank (ECB) policymaker, Gabriel Makhlouf, said on Wednesday.

Additional Comments:

Seems likely any future economic relationship between EU and UK will have more hurdles than the status quo.

Consumers, businesses and regulators should expect, and plan for, more frictions and divergence.

Must wait and see on coronavirus beyond that, though recognizing uncertainty has increased.

EUR/USD moves to tops above 1.0920 on risk-on mood

The single currency is adding to Tuesday’s gains and is now lifting EUR/USD to fresh daily highs in the 1.0920/25 band. EUR/USD stronger on risk trend
Read more Previous

USD/CAD slides to 1-week lows, further below 1.3300 mark

The USD/CAD pair weakened further below the 1.3300 round-figure mark and dropped to one-week lows during the early European session. The pair extended
Read more Next
Start livechat