- EURUSD held steady during Lagarde's speach
- Eurozone inflation consistent with mid-term 2% target
- Growth risks include weak exports and stronger euro
- EURUSD held steady during Lagarde's speach
- Eurozone inflation consistent with mid-term 2% target
- Growth risks include weak exports and stronger euro
EURUSD held steady during Christine Lagarde’s speech at the European Parliament, staying just a few pips below the key resistance level near 1.172. The world’s most traded currency pair is currently down 0.1%.
Lagarde largely reiterated the ECB’s official stance on monetary policy, emphasizing that the disinflation phase in the Eurozone has ended and inflation is now aligned with the medium-term 2% target. She noted that the labor market remains a key source of strength for the EU economy, while moderating wage growth helps limit inflation risks. Lagarde added that growth risks should ease next year, though slowing exports and a stronger euro may continue to weigh on the region’s outlook.
Lagarde’s remarks on economic growth seem to be on an optimistic note, given the mixed outlook painted by the most recent PMI report for the EU economies, as well as major fiscal and political struggles weighing on growth prospects in France or Germany.
Source: xStation5
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
US Open: Earnings season and strong NFP report drive Wall Street higher!
BREAKING: American Consumers Ease Inflation Fears, But Sentiment Stays Weak
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
