More from the Lagarde: Confident that capital and liquidity positions in excess

More from ECB's Lagarde

• we are very confident that capital and liquidity Liquidity Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Read this Term positions of the euro area banks are well in excess of requirements
• financial tensions might dampen demand, do some of the work that would otherwise be done by monetary policy
• without tensions, we would have indicated that further hikes would be needed

ECBs Centeno is also speaking:

• This inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term we experience today has much of its origin from the supply side
• latest developments in European banking sector give us confidence in the decisions taken

The ECB raise rates by 50 basis points last week despite the banking crisis in Switzerland and in the US.

The EURUSD traits near the high for the day at 1.07302 (the price currently trades at 1.0725). The next target area comes between 1.0744 and 1.0752. The high price from last week extended above that swing area to a high of 1.07592 but failed and buyers turned to sellers. See earlier post.