Search ForexCrunch

The European Central Bank Governing Council member, Martins Kazaks crossed the wires in the last hour, saying that a decision to slow bond purchases is possible in June.

Key Quotes:

  • The ECB might not use a full PEPP envelope.
  • We will not react to all increases in market rates.
  • Risks to the economic outlook have shifted to the upside now.
  • Premature to talk about exiting the pandemic program.
  • Would discuss boosting APP after PEPP if inflation is weak.

The comments provided a modest lift to the shared currency and pushed the EUR/USD pair to the 1.2100 neighbourhood, or fresh weekly tops in the last hour.