Euro Slips Below 1.1350 as Lagarde Signals Dovish ECB Stance

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Summary · why it matters

The Euro weakened against the US Dollar on Wednesday, with EUR/USD declining to around 1.3335 during early Asian trading hours after European Central Bank President Christine Lagarde struck a dovish tone. Germany's August Retail Sales data is due later on Wednesday and is expected to draw market attention. The pair's move lower came as the single currency softened broadly following Lagarde's remarks.

Impact on assets 3

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％ECB rates
ECBRATES
▼ NegativeMonetaryrelevance

Lagarde's dovish ECB stance signals lower policy rates, pushing the ECB rate/yield down.

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