ECB’s Nowotny asked in an FT Deutschland interview whether ECB would wait to tighten monetary policy until the US Fed had started raising rates has said, “There is certainly no law that says the ECB won’t act before the Fed does.”

This has resulted in the wire headline “Nowotny says ECB could raise rates earlier than Fed.” Well I guess they could, hey anythings possible.

Some see this comment/headline as lending much-needed support to EUR/USD at the present time. Ummm?

EUR/USD at 1.4090 having earlier posted session low 1.4073.