Lagarde speech: We look carefully at appreciation of Euro

Lagarde provided insights into the ECB's decision to keep interest rates steady during the December policy meeting. She emphasized the importance of monitoring the appreciation of the Euro and indicated that the ECB is cautious about the implications for the economy. Market participants are particularly interested in how inflation trends and economic conditions will influence future monetary policy adjustments. However, the speech did not provide specific price levels or direct trading signals, leading traders to adopt a watchful approach to evolving economic indicators.