- ECB’s Villeroy: The European economy is likely to avoid a hard landing
Market news
20 December 2022
ECB’s Villeroy: The European economy is likely to avoid a hard landing
European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau made some comments on the economic outlook on Tuesday.
Key quotes
“The European economy is likely to avoid a hard landing.”
“France probably will escape a recession.”
Market reaction
Amidst broad US Dollar sell-off and encouraging ECB-speak, EUR/USD is holding its recovery gains at around 1.0625, at the time of writing. The spot is up 0.20% on the day.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page