The above comment will be weighing a little on EUR/USD, as will ongoing reports of sell orders just ahead of 1.5000 up through 1.5010. EUR/USD has slipped back to 1.4975 at writing.
Other Nowotny comments:
- Convergence criteria key to making euro adoption sustainable
- Timing of euro adoption remains country specific, should be decided case by case
- Main issue for Central/East European countries’ euro adoption hopes is their fiscal stance