- Monetary expansion subdued, expectations anchored
- Growth expected to remain weak, market tensions to remain
- OMT has helped alleviate some concerns over recent weeks
- Governments must reduce fiscal, structural imbalances
- We are sticking within our mandate
- ECB acts independently
- EUR is irreversible
EUR/USD trips stops above 1.2970, working through offers ahead of 1.3000. High so far 1.2990.
