ECB's Centeno: Eurozone recession not in ECB's scenario

European Central Bank (ECB) governing council member Mario Centeno said on Thursday that a recession in the eurozone was not in the ECB's scenario, as reported by Reuters.

"The situation is delicate, it has to be followed very carefully," Centeno further added.

Market reaction

These comments don't seem to be having a noticeable impact on the shared currency's performance against its major rivals. At the time of press, the EUR/USD pair was trading at 1.0985, where it was down 0.15% on a daily basis.