Lagarde’s comments on Monday were very effective … at cutting the EUR

ECB president, Christine Lagarde spoke on Monday Europe time. Never underestimate the craftiness of Lagarde, EUR/USD has since tumbled. 

Its not as if Lagarde added anything much new, but her uber-dovish messaging is in contract to the less dovish messages coming from other DM central banks, and even full-on hawkishness from some of the officials.

Justin had Lagarde’s remarks here:

Lagarde was addressing the EU parliament. In a nutshell, this comment:

  • If we were to have any kind of tightening approach to the current situation, it would actually do more harm than good”
  • It would begin having an impact at a time when inflation is actually returning to lower levels

Checking out the EUR chart:

ECB president, Christine Lagarde spoke on Monday Europe time. Never underestimate the craftiness of Lagarde, EUR/USD has since tumbled. 

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