- ECB must exit as financial markets recover
- Exit necessary to avoid moral hazard
Nothing particularly new from the outgoing Tumpel-Gugerll.
Traders are blaming the pop in EUR/USD to techs trying to drive the pair back above its 55 day moving average…This morning’s foray failed. This one has at least managed to trigger the 1.4310 stops. UR trades now at 1.4315.
