Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, said on Wednesday that the latest round of bond purchases risks weakening the market’s ability to discipline governments, per Reuters. “This problem (of weaker market discipline) in particular has been exacerbated by the recent increase in the PEPP,” Weidmann added. “We must be careful that the emergency monetary policy measures do not become permanent. They must be scaled back after the crisis.” Market reaction The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading at 1.2171, where it was up 0.16% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/MXN Technical Analysis: Recovery capped by 20.25, consolidation continues FX Street 2 years Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, said on Wednesday that the latest round of bond purchases risks weakening the market's ability to discipline governments, per Reuters. "This problem (of weaker market discipline) in particular has been exacerbated by the recent increase in the PEPP," Weidmann added. "We must be careful that the emergency monetary policy measures do not become permanent. They must be scaled back after the crisis." Market reaction The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading at 1.2171, where it was up 0.16% on a daily… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
