ECB Weidmann: Announcing QE end date is justifiable
speaks in Rottach-Egern
- imminent risk of a change in rates is currently low
- Outlook shows price trends are in line with goal
- full policy normalization will be a long path
- price trends are in line with goal
The price of the EURUSD has come down off the highs on the comments. They are seen as more dovish especially given the hawkish bias for Weidmann.
The EURUSD trades at 1.2128 currently. The high reached 1.2155 before the comments. The price is also down testing the 100 bar MA at 1.21278. A move below should take some of the wind out of the bullish sales on a Friday.