Lagarde speech: US Dollar weakened due to the uncertainty and loss of confidence in US policies

European Central Bank (ECB) President Christine Lagarde spoke in an interview with French media, La Tribune Dimanche, published on Saturday.

Key quotes

“It’s impressive to note that in a period of uncertainty when we should normally have seen the dollar appreciate significantly, the opposite happened. It’s counterintuitive, but justified by the uncertainty and loss of confidence in US policies among certain segments of the financial markets.”

“At a time when we see the rule of law, the judicial system, and trade rules being called into question in the US... Europe is rightly perceived as a stable economic and political area.”