ECB's Holzmann: The Euro's importance as a global currency is set to increase
Source Fxstreet
European Central Bank (ECB) policymaker Robert Holzmann said on Thursday, “the Euro's importance as a global currency is set to increase.”
Further comments
Frequent shifts in trade policy have fuelled economic uncertainty, undermining stability and resulting in tangible losses for all parties involved.
It makes economic forecasts more complex and policy decision more challenging in an already uncertain environment.
Market reaction
Mixed comments from the ECB policymaker fail to offer any support to the Euro, as EUR/USD loses 0.29% on the day at 1.1298, when writing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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