Lagarde speech: No comments on monetary policy

The European Central Bank (ECB) President Christine Lagarde refrained from touching upon the topic of monetary policy in her scheduled speech at the Green Horizon Summit on Monday.

Key quotes

“Climate risks aren't adequately priced.”

“Essential that climate risks are included in ratings.”

“Economic challenges of climate transition are 'phenomenal'.”

EUR/USD remains capped below 1.1900

EUR/USD is off the lows, although remains below the 1.1900 level, now trading at 1.1877. Upbeat Eurozone Sentix data offered some temporary boost to the bulls but not enough to take out the 1.1900 resistance.