ECB executive board member Mersch across the wires 8 May

  • EZ recovery is gaining more and more traction
  • confirmation of a broadly balanced risk outlook for growth is within reach

Hawkish but cautious tones still from Mersch

EURUSD continues it's rally off Asian/session lows at 1.0989. EURJPY 123.96 EURGBP 0.8573 E