ECB’s De Guindos: ‘Recent data suggest we can be more optimistic about growth’
|In a scheduled speech on Wednesday, the European Central Bank (ECB) Vice President Luis De Guindos said, “recent data suggest we can be more optimistic about growth.”
Additional quotes
“Banks have sufficient capital to face the COVID-19 crisis.”
“I think profitability is a bigger issue for banks than that of capital.”
“Debate on 'proportionality' is now part of the past.”
EUR/USD reaction
Meanwhile, the upbeat comments failed to impress the EUR bulls, as the EUR/USD pair reverses its uptick from session highs of 1.1295. The spot shaves-off gains to trade near 1.1270, at the press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.