OctaFX | OctaFX Forex Broker
Open trading account
Back

ECB's Villeroy: Coronavirus crisis to have negative but temporary consequences on growth

"The coronavirus outbreak is mainly a negative supply-side shock, hence one shouldn't overstate the adequacy of a monetary policy response," ECB Governing Council member Francois Villeroy de Galhau said on Tuesday and argued that this crisis would have negative but temporary consequences on growth.

"The Bank of France will likely revise slightly downward 2020 French growth forecast currently at 1.1%," he added.

EUR/USD reaction

The EUR/USD pair largely ignored these comments and was last seen trading at 1.0855, adding 0.05% on a daily basis. 

Mexico Current Account, $ (QoQ) came in at $2.486M, below expectations ($3.5M) in 4Q

Mexico Current Account, $ (QoQ) came in at $2.486M, below expectations ($3.5M) in 4Q
Read more Previous

GBP/USD breaks above 1.30 as coronavirus fears send USD down

The US dollar is falling alongside ten-year treasuries. The pound is not reacting to Brexit headlines. more to come
Read more Next
Start livechat