Lagarde speech: We have started to see second-round effects
The European Central Bank (ECB) President Christine Lagarde said on Monday that she can only welcome what a peace deal means for Hormuz. Lagarde added that the central bank has started to see second-round effects.
Key quotes
We can only welcome what a peace deal means for Hormuz.
We have started to see second-round effects.
We are looking very closely at services.
Market reaction
At the time of writing, the EUR/USD pair is up 0.40% on the day at 1.1615.
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