ECB Praet: Ample degree of monetary stimulus remains necessary

ECB Peter Praet speaking. EURUSD trades quietly in the middle of a 40 pip NA trading range.

He adds:

• Our monetary policy measures are bearing fruit, and the growth outlook confirms our confidence
• We must be patient, persistent and prudent with our policy
• Confident on inflation
• We must enhance coordination of national economic policies
• ample degree of monetary stimulus remains necessary

The EURUSD moved up to the high from last week today but stalled just ahead of that level. The pair in the NA session trades more in the middle of the 1.2357 to 1.2397 trading range.