The Weekly Fix: ECB Stays Cool, For Now; What Next for the Fed?
Christine Lagarde, president of the European Central Bank.
Photographer: Alex Kraus/BloombergWelcome to the Weekly Fix, the newsletter that wonders whether there could be a time when nothing is AAA-rated. –Emily Barrett, FX/Rates reporter.
Christine Lagarde steered clear of a potential quagmire over the euro at Thursday's European Central Bank meeting. Investors were fixated on what officials would say about the currency's recent stellar performance, given that its advance can imperil efforts to boost inflation and exports.