t environment is not allowing the shared currency to gather strength as investors wait for the European Commission to release its updated economic forecasts.
On the other hand, European Central Bank Governing Council member Francois Villeroy de Galhau said on Monday that a euro that is too weak would go against the ECB's price stability objective. "I expect a decisive June meeting and an active summer," Villeroy further added, helpingIn the meantime, the Euro Stoxx 600 Index is down 0.5% on the day and US
Meanwhile, the Relative Strength Index is moving sideways near 40, confirming the view that the pair is struggling to gather recovery momentum.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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