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Forex: ECB talk offering some euro support

As mentioned the Daily, there area a number of ECB officials speaking and due to speak today. What we’ve seen so far underlines the impression that the ECB have been more seriously thinking about the practicalities of enacting further stimulus measures, but as Mersch said earlier, the ECB is not preparing for such unconventional monetary policy measures. This has allowed the single currency to touch the highs seen on Friday, as the market is given the impression that nothing is yet set in stone. We are likely to get more comments as the ECB head Draghi is in Washington this week for World Bank and IMF meetings.

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