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ECB’s Panetta: Signs of weakness in Eurozone economy are more persistent than anticipated

European Central Bank (ECB) policymaker Fabio Panetta said on Wednesday, “signs of weakness in Eurozone economy are more persistent than anticipated.”

Further comments

We expected a recovery driven by consumer spending.

However, that did not materialise.

Market reaction

These comments have little to no impact on the EURUSD pair as it trades flat at around 1.0450 at the press time.

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NZD/USD holds gains above 0.5700 as US Dollar depreciates ahead of FOMC Minutes

NZD/USD retraces its recent losses from the previous session, trading near 0.5720 during European hours on Wednesday.
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