EURUSD broadly consolidated near 1.0470 in Friday’s European session, staying under bearish pressure after comments from European Central Bank...
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Maroc - FINANCIALMIRROR.COM - A La Une - 23/Dec 13:26
JPY edges lower after Lagarde comments on inflation
EURJPY extended its losses and remained tepid around 163.00 following an interview of European Central Bank President Christine Lagarde published by the Financial Times on Monday. Lagarde emphasised that the central bank is nearing its goal of sustainably bringing inflation down to the medium-term target of 2%. However, she stressed the importance of continued vigilance, particularly concerning inflation in the services sector. Earlier in December, Lagarde indicated that the ECB would consider further interest rate cuts if inflation showed continued progress toward the 2% target. She noted that aggressive measures to curb economic growth were no longer deemed necessary under
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