The Bundesbank’s Weber has ended any suspense: He says the ECB will announce a package of non-standard measures in May. The measures will be valid for the rest of the year and into next year.
This means, according to Weber, the ECB will join the Fed and BOE in quantitative ease, by buying bonds, commercial paper or extending long-term bank loans.
EUR/USD trades at session lows in the wake of the comments, now at 1.3207.
1.3180 is next support for EUR/USD with more at 1.3125.
Asian central banks have been rumored buyers on dips again today…
