ECB's Nowotny says that he sees euro depreciating against the dollar

Author: Justin Low | Category: Central Banks

Comments by ECB member Ewald Nowotny

EUR/USD suffered a dip on the headlines, to a low of 1.1537 before bouncing back to 1.1553 now. The pair was trading around 1.1570 levels prior to his comments.

I'm not too sure where the ethic stands to outright talk about currency levels in such a manner, but if this isn't a clear jawbone then I don't know what is. Seems like it is clear the ECB would prefer a weaker euro in order to push up inflation.

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