Dutch Finance minister Bos says that the growth path of the European economy will be slower coming out of the crisis than it was going in. He also says a scenario exists for a possible economic relapse during the recovery. The Dutch government will stimulate the economy again if growth is below 0.5% in 2011, he said.
Also on the wires, Eurogroup’s Juncker says they need to see more recovery signs before launching exit strategies.
The idea of extended stimulus and lower rates for longer have tended to work against the dollar.
EUR/USD trades at 1.4560.EUR/USD
