In Associate in Nursing interview with the German weekly wienerwurst Allgemeine Sonntagszeitung (FAS) on weekday, the eu financial institution (ECB) Governing member Jens Weidmann shot down heightened expectations of Associate in Nursing economic information.
Key Quotes (via Reuters):
Currently sees no would like for a serious economic information programme.
Remains cautious on government bonds as a result of they risk blurring the road between financial and monetary policy.
It is still not right to essentially question the factors for bond purchases.
Friday’s rally within the shared currency is probably going to achieve further impetus on Weidmann’s comments on Mon. EUR/USD rallied onerous on top of the one.11 handle when the USA dollar slouched generally amid US-China trade war and yield curve inversion, courtesy the USA President Trump’s social media barrage.
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