“The improved economic outlook on the back of rapid progress in vaccination campaigns has reduced the probability of severe scenarios,” European Central Bank (ECB) President Christine Lagarde at the Hearing before the Committee on Economic and Monetary Affairs on Thursday.
She added, “Nascent recovery still faces uncertainty also due to the spread of virus mutations.”
EUR/USD reaction
The euro moves little on Lagarde’s comments, with EUR/USD keeping its rebound intact around 1.1855, modestly flat on the day.
