In an interview with the Financial Times (FT) on Monday, European Central Bank (ECB) President Christine Lagarde said that she “still believes that we should be very vigilant about services.”
Additional comments
Significant difference between US growth and European growth attributed to two things predominantly; one is energy.
Second significant difference between US growth and European growth is due to furlough schemes in Europe.
Market reaction
At the time of writing, EUR/USD is holding its recovery near 1.0450, up 0.12% on the day.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.08% | -0.09% | 0.16% | -0.08% | -0.12% | -0.07% | 0.08% | |
| EUR | 0.08% | -0.04% | 0.16% | -0.02% | 0.02% | -0.01% | 0.15% | |
| GBP | 0.09% | 0.04% | 0.18% | 0.03% | 0.06% | 0.04% | 0.21% | |
| JPY | -0.16% | -0.16% | -0.18% | -0.19% | -0.21% | -0.20% | -0.08% | |
| CAD | 0.08% | 0.02% | -0.03% | 0.19% | 0.00% | 0.00% | 0.17% | |
| AUD | 0.12% | -0.02% | -0.06% | 0.21% | -0.01% | -0.03% | 0.13% | |
| NZD | 0.07% | 0.01% | -0.04% | 0.20% | -0.00% | 0.03% | 0.13% | |
| CHF | -0.08% | -0.15% | -0.21% | 0.08% | -0.17% | -0.13% | -0.13% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Source: https://www.fxstreet.com/news/lagarde-speech-still-believe-that-we-should-be-very-vigilant-about-services-202412230524