They all love to talk and I have to write it all down…
Rehn is on the wires saying fiscal consolidation is essential and that bank stress tests will be needed at regular intervals in the future.
Also on the wires, ECB VP Constancio says the market appears satisfied with measures taken by Ireland and Portugal.
And here comes Trichet, saying he still has a cautious growth outlook.
None of that is hurting EUR/USD. It is rebounding, now at 1.3615 after central bank buying on the recent dip. Resistance lies at 1.3620/25.