- ECB's Enria: Even though the economic outlook has improved, caution remains of the essence
Market news
14 October 2021
ECB's Enria: Even though the economic outlook has improved, caution remains of the essence
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.
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