Breaking News Bar

Business News and Information

EUR/USD ranging as ECB’S Knot warns of monetary policy dependance

By: Invezz
Image for ECB rate cut decision

EUR/USD price is trading slightly higher today. Yesterday, the price action failed to close above the $1.13 mark, which paved the way for a decline below the $1.1250 mark.  Fundamental analysis: Knot issues a warning The Dutch central bank Governor Klaas Knot warned Europe that it shouldn’t rely too much on monetary policy. Accordingly, monetary policy shouldn’t be seen as the key weapon against the economic fallout. “Such a perception is risky, as it leads to ratcheting up of debt levels and excessive leverage, as has been observed in segments of the corporate sector,” he said. The “central bank put”

The post EUR/USD ranging as ECB’S Knot warns of monetary policy dependance appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear