ECB's Nowotny back on the wires 1 Sept
- euro moves are within historical range
Cue EUR rally as Notwony, for one, seems unfazed with recent euro appreciation but beware algo knee-jerk.
- exit from policy cant be about stepping on the brake
- have to be careful how ECB normalizes policy
- unemployment has fallen but still high
- it's clear that low rate policy has side effects
- EZ economy is on growth course
These other comments are little less hawkish though but does suggest that discussion is on the table for next week.
EURUSD 1,1910 again from a spike to 1.1930 and EURGBP 0.9213 after 0.9223 in a rush.
Gotta love those algos for some great opportunities sometimes eh?
Large option expiries on play today.
EURUSD 15m
