ECB Monthly Bulletin: FX volatility is a source of uncertainty which requires monitoring

ECB Monthly Bulletin out a few moments ago 21 Sept

Basically a re-hash of Draghi's press conference statement/comments so nothing usually new in these bulletins.

• the recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-term outlook for price stability.
• while the ongoing economic expansion provides confidence that inflation will gradually head to levels in line with its inflation aim, it has yet to translate sufficiently into stronger inflation dynamics
• while the ongoing economic expansion provides confidence that inflation will gradually head to levels in line with its inflation aim, it has yet to translate sufficiently into stronger inflation dynamics

Full bulletin here

EURUSD currently up to 1.1912 near session highs with EURGBP up to 0.8817 and EURJPY posting 134.07 session highs.

ECB -FX volatility needs monitoring