- ECB´s Lagarde: “Huge confidence” the US will not allow the country to default on its own debt
Market news
16 April 2023
ECB´s Lagarde: “Huge confidence” the US will not allow the country to default on its own debt
Christine Lagarde, president of the European Central Bank, said she has “huge confidence” the US will not allow the country to default on its own debt during an interview on CBS’ “Face the Nation” Sunday.
“I just cannot believe that they would let such a major, major disaster happen,” Lagarde said, adding if a debt default did happen, it would have a “very, very negative impact” both in the US and around the world.
“(The US is) a major leader in economic growth around the world. It cannot let that happen,” Lagarde said.
EUR/USD update
EUR/USD fell 0.48% to 1.0993 on Friday after earlier hitting 1.10755, its highest in around a year.
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