Lagarde speech: Nascent recovery still faces uncertainty also due to the spread of virus mutations

Dhwani Mehta FXStreet

“The improved economic outlook on the back of rapid progress in vaccination campaigns has reduced the probability of severe scenarios,” European Central Bank (ECB) President Christine Lagarde at the Hearing before the Committee on Economic and Monetary Affairs on Thursday.

She added, “Nascent recovery still faces uncertainty also due to the spread of virus mutations.”

EUR/USD reaction

The euro moves little on Lagarde’s comments, with EUR/USD keeping its rebound intact around 1.1855, modestly flat 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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