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Jul 11 - 08:55 PM

EUR/USD - Report Of Dovish Lagarde Comments May Weigh

By John Noonan  —  Jul 11 - 07:26 PM
  • A Bloomberg report notes dovish comments made by ECP President Lagarde on the weekend

  • Lagarde dismissed need to discuss when emergency stimulus may be wound down

  • She said investors should prepare for new guidance at July 22 ECB meeting

  • Signalled that new measures may be brought in next year to support economy

  • The dovish comments may weigh on EUR/USD at some stage today

  • EUR/USD support is at 10-day MA at 1.1855 and break would increase pressure

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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