Next up from the ECB collective is the head honcho Monsiuer Trichet. He says that ECB measures are showing that there are some signs of a revival in european monet market functioning and that long-term inflation expectations remain broadly anchored. He also sounds very keen to take away the liquidity measures that we only got full details of yesterday, in a quick and timely manner. Elsewhere the Eurozone future inflation gauge fell to a new low in April to 82.4 down from 84.1 in March due to sharp drops in Germany and Spain.
Eur/Usd is really just marking time this morning after a volatile few days. Currently at 1.4190 after some light Far-Eastern selling was seen in the 1.4230 area.
