- ECB’s Makhlouf: Far too early to tell consequences of Middle East situation
Market news
24 October 2023
ECB’s Makhlouf: Far too early to tell consequences of Middle East situation
European Central Bank (ECB) policymaker Gabriel Makhlouf said on Tuesday that it is “far too early to tell consequences of the Middle East situation.”
Additional comments
We are watching the developments very closely.
They are bound to have economic implications for us to some extent.
Don't want to jump to conclusions on extent of impact on economies, monetary policy.
Market reaction
EUR/USD is unfazed by the above comments, testing intraday lows near 1.0645. The pair is down 0.21% on the day, as of writing.
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