The European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Cyprus Constantinos Herodotou expresses his concerns on the inflation outlook while speaking in a Reuters interview on Wednesday.
“Risks to the outlook remain on the downside.”
“Economic uncertainty remains high.”
“Can act again if inflation outlook worsens.”
This comes despite the latest European Union (EU) leaders’ agreement on the EUR 750 billion Recovery Fund to tackle the economic impact of the coronavirus pandemic.
The shared currency shrugs-off the above comments, as EUR/USD trades firmer at 1.1753, up 0.35% on a daily basis, courtesy of the continued dollar dumping. Focus shifts to the Fed decision.
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