Euro falls after ECB Lagarde's remarks

Euro fell against the US dollar on Thursday, shaking off European Central Bank President Christine Lagarde's remarks.

The ECB kept interest rates at 0.00% unchanged today, and Lagarde did not hint at any coming monetary stimulus or any further rate cuts.

Lagarde stated during a news conference that she saw uncertainty and risks to economic growth easing around the eurozone and the global economy.

Lagarde attributed this to the easing of trade tensions between the US and China, after they signed the phase-one trade pact.

The European Commission President, Ursula von der Leyen, met with President Donald Trump, and Lagarde commented on the meeting that she sees positive signs on a potential fair deal.

Earlier, President Trump has warned the EU with tariffs on their car exports to the US if no fair deal is reached.

At 19:03 GMT, EUR/USD fell by 1.051, after hitting a day high of 1.1109 and a low of 1.1037.