The euro is weaker against the dollar this morning after President of the ECB, Christine Lagarde, gave a speech yesterday. She warned that Europe could still see an acceleration of the virus and tighter restrictions, hinting at further financial easing in the near future.
She added, “While all options are on the table, the pandemic emergency purchase program and targeted longer-term refinancing operations have proven their effectiveness. They are therefore likely to remain the main tools for adjusting our monetary policy.”
There will be more speeches from other ECB officials today, as well as the release of industrial production data for the Eurozone.
