Lagarde speech: Recovery faster than anticipated six months ago

European Central Bank (ECB) President Christine Lagarde is delivering her speech titled "Moving forward: The euro and the European economy in a changing world," at the HEC Talks event organized by HEC Paris and the European League for Economic Cooperation.

Key quotes

"Recovery in the eurozone is faster than anticipated six months ago mostly due to a rapid vaccination campaign."

"We're back from the brink but we are not out of the woods yet."

Market reaction

These remarks don't seem to be helping the shared currency gather strength against its rivals. As of writing, the EUR/USD pair was down 0.5% on the day at 1.1755.