Tuesday, March 25, 2014

EU commissioner Tajani

First it was EU commissioner Tajani saying EUR/USD is too strong at 1.40. Then ECB's Weidmann said negative interest rates would be an appropriate measure, and now ECB's Makuch is on the wires saying he sees room for weaker euro by year-end, and a need for measures to limit deflation risks. Keep an ear out for ECB President Draghi who speaks at 1600 GMT. EUR/USD just sank to a fresh day low of 1.3785, 0.5% off the session and day's 1.3848 high.