Eurozone banks have seen "limited" hit from pandemic so far, the European Central Bank (ECB) top supervisor Andrea Enria said in a speech on Friday, referring to the covid impact on the banks’ balance sheet.
"But we should not be complacent. “
“We cannot rule out that once the government support measures are lifted, some banks may experience a significant deterioration in their asset quality."
EUR/USD pressured below 1.2150
EUR/USD trades at 1.2136, losing 0.16% on the day, having recovered from 1.2118 lows.
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