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Lagarde’s Optimism on Europe’s Economy Triggers Euro Rally

Lagarde's Optimism on Europe's Economy Triggers Euro Rally thumbnail

FRANKFURT—European Central Bank President Christine Lagarde sounded an optimistic tone on the eurozone’s stuttering economic recovery and the strength of the euro, sparking a rally in the currency, as the bank left its policy mix unchanged while it monitors the impact of Covid-19.

ECB President Christine Lagarde said the bank is paying close attention to the currency, highlighting its recent gains against the dollar and others as a drag on inflation, and adding that the eurozone economy is experiencing a strong rebound from…

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