ECB’s Villeroy: Risks are rising for the French economy

Dhwani Mehta FXStreet

Reuters reports the latest comments from the European Central Bank (ECB) Governing Council member and Bank of France Head Villeroy de Galhau, as speaks on the local radio about the French economy.

French economy is holding up quite well.

Risks are rising for the French economy.

We are experiencing a European slowdown, not a recession.

Low rates are here for a long time.

Meanwhile, EUR/USD keeps its range near 1.1070 region, as the shared currency ignores the above comments.

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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