ECB open to buying more than EUR 60 bln if needed: Reuters

Reuters quotes an ECB source as saying that the ECB is open to buying more than EUR 60 bln in bonds if that amount is not enough. no one is thinking of raising rates at the ECB now, the source says . The ECB is debating whether to expand its bond purchases to mortgage-linked bonds and public sector loans, the wire says.

Combined with the Liikanen comments earlier today, it seems as though there is a concerted effort among ECB officials to set the stage for a dovish tone from the ECB meeting next week.

EUR/USD is sliding again, eyeing intraday support at 1.3890. 1.3855 is solid support, Tuesday’s low. Trailing stops reside just below that level.