Belgian central banker Quaden says that disorderly movements of exchange rates are not welcome. The problem is not the dollar vis-a-vis the euro but lies elsewhere, he says. Presumably here is referring to fixed Chinese exchange rates.
Now is not the time to remove stimulus, Quaden says.
EUR/USD is easing slightly as US equities dip from their highs. Bids are seen down to 1.4700 but small stops are eyed below that level.
