European Central Bank (ECB) Vice President Luis de Guindos stated on Monday in Brussels that preliminary data indicates the Eurozone economy grew at a modest pace during the first quarter of 2025. His comments were reported by Reuters.
De Guindos also offered insights into the inflation outlook, expecting the rate to remain near the ECB’s target of 2%. He highlighted that Eurozone exporters are encountering new challenges, while ongoing financial market tensions and geopolitical uncertainties are likely to impact business investments. Additionally, he warned that such conditions may lead consumers to adopt a more cautious approach toward spending.
In response to these remarks, the EUR/USD pair remained within its daily trading range, edging slightly lower to approximately 1.1350.
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