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ECHO FOREX: The euro retreats against the dollar before Christine Lagarde's speech

11/11/2020
Source : Dow Jones Newswires French
Categories: Economy/Forex

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LONDON (Agefi-Dow Jones)--The euro fell 0.2% to $1.1793 ahead of European Central Bank (ECB) President Christine Lagarde's speech at the opening of the Frankfurt institution's annual forum on Wednesday. the bank will not have a significant impact on the euro, as the increase in stimulus measures in December is already fully integrated," said Francesco Pesole, currency strategist at ING. Any comments on the strength of the euro and the impact of a Covid-19 vaccine "could have broader repercussions for the market" but the euro-dollar pair is expected to remain within a narrow range, preventing any major fluctuation in the greenback, he added. Christine Lagarde is scheduled to deliver her introductory speech at 2:00 p.m.

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