Luxembourg central banker Mersch says that a eurozone recovery is underway but it is likely to be slow and uneven. Inflation expectations are at levels consistent with price stability. Translation: There is no need for the ECB to move on rates…
EUR/USD is firm in its range, supported by recovering equities and a bounce in oil prices.It trades at 1.2330. Stops loom above 1.2360, just beyond 1.2355 session highs.
