Lagarde’s Optimism on Europe’s Financial system Triggers Euro Rally

FRANKFURT—European Central Monetary institution President Christine Lagarde sounded an optimistic point out on the eurozone’s economy and played down concerns over primarily the most up-to-date energy of the euro, sparking a rally in the total currency and stirring questions as to whether the bank will provide a up to date round of stimulus to toughen the plot’s stuttering recovery.

Following a assembly of the ECB’s governing council, Ms. Lagarde stated the 19-nation currency union was experiencing a critical financial rebound from the deep contraction precipitated by the coronavirus…