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
XRP risks drop to $0.90 as analyst Diana warns of Wave 2 correction
Alphabet (GOOGL.US) Launches Roadshow for HKD and SGD Bond Issuance; May Become a "Touchstone" for Investor Confidence Amid AI Market Volatility
Alphabet (GOOGL.US) has launched the roadshow for its first Hong Kong dollar and Singapore dollar bond issuance, aiming to test investor subscription interest as companies focused on artificial intelligence (AI) face increased market volatility.
Euro finds temporary support near 1.1066 against US Dollar, outlook remains uncertain
Strategy (MSTR.US) officially removed from the MSCI index—what does this mean for crypto-related stocks?
Strategy has been officially removed from the MSCI index, with passive funds facing exit pressure. Crypto-related stocks are experiencing "significant" selling pressure.
Crypto prices
More
