Lagarde has the potential to provide some respite for the Euro, according to ING, with the current exchange rate for EURUSD standing at 1.07697.
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The world’s two most prominent central bankers are both speaking at Jackson Hole today. ECB President Christine Lagarde has to deal with a worsening economic outlook in the Eurozone, but economists at ING suspect she will stick to data dependency and a hawkish tone.
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