ECB Q&A still in progress 25 Jan
- inflation impact main concern as always
- too early to assess whether pass-through has taken place
Ducking the question re Mnuchin lower-USD comment in his reply so far.
Matters not I guess but lack of objection to Mnuchin comments is taken as supportive of the view as EURUSD takes out the 1.2500 barrier option interest and triggers stops to 1.2534 as the general USD supply continues. Next offers/res at 1.2550 with another barrier T 1.2600. USD 950m of vanillas still in play at 1.2500 until expiry at 15.00 GMT
EUR pairs still rising too though EURGBP 0.8741with next offers/res around 0.8750. EURJPY 136.20 EURAUD 1.5465
Watch the presser live here
