Earlier today Constancio said the ECB did not have a position on exchange rates but this afternoon he volunteers that he does not believe in the collapse in the dollar, according to a Reuters headline.
EUR/USD has eased to 1.3935 on the vote of confidence from the Portuguese central banker.
Also crossing the wires is news that the US will host a G20 summit in Pittsburgh, of all places, on September 24-25. What’s the matter, was Rochester booked?
