Bundesbank president Weber is on the wires noting that now is not the time for exit strategies but that the right time must not be missed.
The exit must come when inflation risks emerge, he says. Financial markets have stabilized considerably, he said.
On the downside, German insolvencies and unemployment are rising, he said.
EUR/USD has dipped back below the 1.4970 level as US equities lose much of their early vigor. Oil has turned lower on the day and gold has nudged back from record highs above $1118 and now trades at $1112.50.
