ECB's Villeroy: Trump's economic and financial agenda is the wrong path
Source Fxstreet
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Friday that US President Donald “Trump's economic and financial agenda is the wrong path.”
Additional quotes
- The EU mustn't follow Trump on financial regulation.
- Deregulation would sow seeds of financial crises.
Market reaction
At the time of writing, EUR/USD is posting sizeable gains above 1.1400, up 2.1% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The USD/JPY pair softens to near 142.25 in a thin trading volume session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid concerns over the economic impact of tariffs.
The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors book profits during a long Easter weekend.
Crypto analyst BarriC has predicted that the XRP price could soon recover and rebound to as high as $3. The analyst also revealed how high the token could reach when the altcoin season begins.
Major currency pairs stay quiet on Friday as trading volumes thin out, with major markets remaining closed in observance of the Easter Holiday.
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