In an interview with the German weekly Frankfurter Allgemeine Sonntagszeitung (FAS) on Saturday, the European Central Bank (ECB) Governing Council member Jens Weidmann shot down heightened expectations of an economic stimulus. Key Quotes (via Reuters): Currently sees no need for a major economic stimulus programme. Remains cautious on government bonds because they risk blurring the line between monetary and fiscal policy. It is still not right to fundamentally question the criteria for bond purchases. Friday’s rally in the shared currency is likely to gain extra impetus on Weidmann’s comments on Monday. EUR/USD rallied hard above the 1.11 handle after the US dollar slumped broadly amid US-China trade war and yield curve inversion, courtesy the US President Trump’s social media barrage. 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 UK PM Johnson: Tusk will be known as ‘Mr No Deal’ if agreement not changed FX Street 4 years In an interview with the German weekly Frankfurter Allgemeine Sonntagszeitung (FAS) on Saturday, the European Central Bank (ECB) Governing Council member Jens Weidmann shot down heightened expectations of an economic stimulus. Key Quotes (via Reuters): Currently sees no need for a major economic stimulus programme. Remains cautious on government bonds because they risk blurring the line between monetary and fiscal policy. It is still not right to fundamentally question the criteria for bond purchases. Friday's rally in the shared currency is likely to gain extra impetus on Weidmann's comments on Monday. EUR/USD rallied hard above the 1.11 handle after the… 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.
