ECB Pres. Lagarde: Growth in Europe mediocre. Much slower than the US

ECB Pres. Lagarde is speaking and says:

• Growth in Europe mediocre, much slower than in the US.
• We are clearly seen to mid signs of recovery
• Euro area inflation is a different animal than in the US
• We monitor the exchange rate
• It is obvious that exchange rates may have an impact on inflation

The EURUSD has moved higher on the comments about the exchange rate.