ECB's Coeure says central bank could restart QE if needed
Comments by ECB governing council member, Benoit Coeure
- ECB needs accommodative policy more than ever before
That's similar to what most members have been preaching recently and it's very much dovish stuff. They're continuing to talk up introducing more stimulus but so far are falling short in committing to announcing them in July and that's keeping markets guessing.
EUR/USD is down to session lows of 1.1218 as the dollar holds firmer on the session but the pair still trades in a narrow range of just 16 pips.