ECB member Benoit Coeure speaks in Slovenia

  • Next crisis may test ECB's mandate limits without reforms
  • There is a need for fiscal instruments to deal with future shocks

The topic of his speech is mostly on the EMU, so there shouldn't be much touching on monetary policy. Yup, nothing else so far from Coeure.

EUR/USD is still thereabouts at 1.2484 as the dollar holds firm. EUR/GBP is at 0.8783 still while EUR/CHF has surged up to 1.1612 on the day.