ECB's de Guindos sees ‘intense' economic rebound in 2H 2021

Dhwani Mehta FXStreet

The European Central Bank (ECB) Vice President Luis de Guindos said Tuesday that he “sees an economic rebound in the second half of 2021.”

He warned that they “must avoid making temporary inflation jump permanent.”

Market reaction

EUR/USD is refreshing fresh daily lows near 1.1835, hurt by a rebound in the US dollar and mixed German ZEW data. The spot is losing 0.20% on the day.

Read: German ZEW Economic Sentiment Index slumps to 63.3 in July, EUR/USD tests lows

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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