More from Coeure: High degree of ECB policy accommodation still needed

ECB executive board member Coeure now talking to CNBC 6 April

  • ECB rate guidance will gain in importance
  • will see change in the mix of policy instruments
  • market can look through market impact of trade spat
  • ECB has seen some uptick in recent inflation numbers

Really?  Still a long way to go.

  • European govts should have used low rates better
  • disappointed with some reforms in EU
  • wage pressure slow to translate into prices
  • Brexit is a concern, deal must maintain EU’s integrity


EURUSD still nudging higher at 1.2244 after a steady climb from 1.2220 as general USD supply prevails. GBPUSD up to 1.4014 and USDJPY down to 107.35 after another failure into 107.50.

GBPUSD has sell interest/offers 1.4020-30. EURUSD 1.2250 then 1.2260 and 1.2280

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