ECB governing council member and Dutch central bank's Knot out on the wires 20 Sept

  • Eurozone needs a recalibration of policy
  • Euro gains reflect benign assessment of economy
  • main rationale for ECB asset purchases has vanished

Meanwhile EURUSD still clinging to 1.2000 where large option contracts roll off at 14.00 GMT

Certainly had a magnetic effect this session with another attempt on 1.2025 recent highs readily sold into.

EURUSD 15m

ECB's Knot - CPI will reach target