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ECB’s Guindos Warns Euro Nearing Critical Level as Dollar Weakens
ECB’s Guindos Warns Euro Nearing Critical Level as Dollar Weakens
20
3
BTCCSquare news:
The euro's rapid appreciation toward $1.20 has drawn rare commentary from ECB Vice President Luis de Guindos, who cautioned that breaching this threshold WOULD complicate monetary policy. While the central bank maintains no formal exchange rate target, Guindos emphasized vigilance against overshooting during the ECB's Sintra conference.
Trump's tariff policies have accelerated the euro's 14% yearly gain against a faltering dollar, creating crosscurrents for eurozone growth and inflation. Market confidence erosion from trade measures contrasts with Guindos' assessment that current levels NEAR $1.17 remain manageable for policymakers.
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