ECB's de Guindos: US dollar to stabilize in coming months

Market news

17 October 2022

ECB's de Guindos: US dollar to stabilize in coming months

European Central Bank (ECB) Vice President Luis de Guindos said on Monday he saw the US dollar stabilizing in the coming months.

Further comments

“The ECB doesn't target forex rate, but considers it.”

“I expect the forex rate to stabilize in the coming months.”

“We cannot rule out euro-area technical recession, any recession will not be excessively intense.”

“Eurozone inflation to start easing in 2023.”

Market reaction

EUR/USD is keeping its range around 0.9750 on the above comments, adding 0.32% on the day.

Currencies. Daily history for Monday, October 17, 2022

Commodities. Daily history for Friday, October 14, 2022

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