The European Central Bank (ECB) top supervisor Andrea Enria warned Thursday, even though the economic outlook has improved, caution remains of the essence.
Additional quotes
“Keeping a very close eye on the build-up of risks on bank balance sheets.”
“Seeing a build-up of residential real estate vulnerabilities in some countries.”
Market reaction
EUR/USD is back above the 1.1600 mark, benefiting from the extension of the losses in the US dollar across the board. The risk-on mood is further aiding the pair’s recovery from multi-month troughs of 1.1524.
The spot was last seen trading at 1.1605, gaining 0.13% so far.