Speaking on Spanish TV ECB board member Gonzalez Paramo has said the ECB has room to manouevre on interest rates thanks to rate rises it made in the past.
The official stated “Thanks to decisions like this (refering to the last ECB rate hike last July) we now have margin for moving rates in the other direction without losing the anchor of inflation expectations.”
EUR/USD continues to see relatively steady trade, presently at 1.3460.