ECB’s Elderson: Balance of risks has clearly deteriorated
European Central Bank (ECB) Vice-Chair of the Supervisory Board Frank Elderson said during the European trading session on Wednesday that the balance of risks has clearly deteriorated due to Middle East conflicts.
Additional remarks
Longer war increases likelihood of second-round effects.
I don't see second-round effects yet.
Market reaction
No significant impact on the Euro (EUR), following ECB Elderson's comments. As of writing, EUR/USD trades 0.1% lower to near 1.1620.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arc Mainnet Is Live: Why Choosing the Right RPC Provider Matters for Builders
New York Life Investment Management Brings First Tokenized Fund to Avalanche
WTI Oil Price Forecast: Bulls lose momentum near $100
Crypto prices
More
