ECB’s Lagarde: The fight against inflation is not over

European Central Bank’s President Christine Lagarde speaks in Washington, DC.

Key Quotes

Growth in Europe is mediocre, much slower than in the US

We’re clearly seeing timid signs of recovery

The game (of fighting inflation) is not over

Market Reaction

A firmer upside momentum now lifts EUR/USD to the area of daily highs near 1.0680.