ECB's Lagarde regrets Wedimann's resignation immensely

Commenting on Bundesbank President Jens Weidmann's decision to resign at the end of the year, Christine Lagarde, President of the Europen Central Bank (ECB), said that she immensely regrets his resignation.

"Jens is a good personal friend on whose loyalty I could always count," Lagarde noted in a statement, per Reuters. "While Jens had clear views on monetary policy I was always impressed by his search for common ground in the Governing Council, by his empathy for his Eurosystem colleagues, and his willingness to find a compromise."

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was down 0.07% on the day at 1.1623.