French FinMin Le Maire: Recent economic data are satisfying but too fragile
|Recent economic data are "satisfying but too fragile" to change forecast for -11% recession this year, said French Finance Minister Bruno Le Maire on Thursday.
Additional quotes
“We are forecasting growth of 8% for 2021.”
“Wants economic activity to return to pre-crisis levels from 2022.”
This comes after France's INSEE official statistics agency reported that the Industrial Confidence rose to 82 points in July vs. revised 78 in June.
EUR/USD still below 1.1600
EUR/USD was last seen trading 0.12% higher at 1.1581, as the EUR bulls ignored the upbeat comments. The spot awaits fresh cues for a convincing break above the 1.16 level.
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