ECB's Lagarde: APP should be concluded early in the third quarter

European Central Bank President Christine Lagarde reiterated on Wednesday that the Asset Purchase Programme (APP) should be concluded early in the third quarter, as reported by Reuters.

"Our inflation projections are increasingly pointing towards inflation being on target over the medium term," Lagarde added. "It looks increasingly unlikely that the disinflationary dynamics of the past decade will return."

Market reaction

The EUR/USD pair continues to trade in positive territory after these comments and was last seen rising 0.25% on a daily basis at 1.0555.