ECB’s Weidmann - Expansionary monetary policy is appropriate

European Central Bank (ECB) member and Bundesbank President Jens Weidmann, while speaking to Bloomberg, reiterated that currency expansionary monetary policy is appropriate.

Key quotes

Economic situation in Germany and Eurozone is different

ECB must take into account all Eurozone citizens

ECB is overburdened as the sole functioning institution

USD/CAD upside stalled ahead of 1.2900

The Canadian dollar is now recovering some pips afterUSD/CAD briefly tested session highs in the proximity of 1.2900 the figure. USD/CAD higher on
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IMF’s Thomsen: ECB doing right thing by using all tools

IMF’s Thomsen came out in support of ECB today by saying that ECB is doing right thing by using all tools (negative rates, QE). Key quotes More
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