ECB: Geopolitical uncertainties present a growing risk to the Euro area economic outlook

Dhwani Mehta FXStreet

The latest headlines are crossing the wires from the European Central Bank (ECB), as cited by Reuters.

The current aggregate level of non-performing loans (NPLs) remains elevated by international comparison.

Banking supervision will, therefore, continue its effort to address the stock of NPLs.

Geopolitical uncertainties present a growing risk to global financial markets and to the economic outlook within the euro area.

The risk of an abrupt and significant repricing in financial markets has increased since last year.

EUR/USD keeps its range near daily lows of 1.0962, downed by weak German Factory Orders data and trade risks.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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