Big central banks discussing coronavirus-related volatility: ECB

LONDON (Reuters) – Global central banks have held talks about the impact of the coronavirus outbreak, European Central Bank Vice President Luis de Guindos said on Monday, adding that such discussions always take place during times of volatility.

De Guindos said that he did not expect the euro to move sharply as part of this increased market turbulence. The ECB does not have an exchange rate target, he said.

“My impression is that it is not going to move much and that it is going to hover around $1.10,” he said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Category Latest Posts

You May Also Read