ECB Pres. Nominee Lagarde: ECB need not be guided by markets

Dhwani Mehta FXStreet

Further comments are out from the European Central Bank (ECB) President Nominee Lagarde, with the key headlines noted below.

ECB needs to listen to and understand markets.

But need not be guided by markets.

I hope I never have to say "whatever it takes".

EUR/USD maintains the latest leg higher above the 1.10 handle, up 0.35% on the day. The spot remains strongly bid, mainly in response to broad-based US dollar weakness induced by disappointing US factory data.

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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