ECB’s Villeroy: Should get back to pre-pandemic levels of activity by year-end

Dhwani Mehta FXStreet

The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said that the French economy should get back to pre-pandemic levels of activity by year-end.

Additional quotes

“Reaffirms earlier French economic growth forecast.”

“French auto sector underperforming but other areas of the economy are doing well.”

“Some French companies highlighting difficulties in hiring staff.”

Market reaction

At the time of writing, EUR/USD is sitting close to three-week highs of 1.1659, adding 0.38% on the day.

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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