Incoming ECB President Lagarde: Highly accommodative policy warranted for prolonged period, EUR/USD regains 1.10

European Central Bank’s (ECB) nominated President Christine Lagarde is on the wires now, via Reuters, speaking in front of the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

Key Headlines:

Euro area economy faces near term risks

 Inflation persistently too low

Highly accommodative policy warranted for prolonged period