LONDON, Jan 23 (Reuters) - The euro fell to a six-week low
and German bond yields dropped to their lowest in two weeks on
Thursday after European Central Bank President Christine Lagarde
struck a slightly more dovish tone than some had expected in her
press conference.
The euro zone banks index .SX7E initially extended gains
as Lagarde spoke before going into reverse. It was last down
0.2% at the day's low.
The euro dropped to $1.1059 EUR=EBS , down 0.3% and its
weakest since Dec. 9 while Germany's 10-year bond yield fell to
-0.29% DE10YT=RR , 3 basis points lower on the day.
"Perhaps there was an expectation that they would be more
upbeat on the economy," said Antoine Bouvet, senior rates
strategist at ING, noting that Lagarde had "declined on a few
occasions to distance herself from negative interest rates."
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Euro, bond yields slip as ECB head Lagarde's dovish tone disappoints
Published 01/23/2020, 10:35 PM
Updated 01/23/2020, 10:40 PM
Euro, bond yields slip as ECB head Lagarde's dovish tone disappoints
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