The European Central Bank (ECB) Governing Council member Peter Kazimir said on Tuesday that loose monetary policy is working and helping recovery.
ECB doesn’t see a reason to change loose monetary policy setting at moment, he added.
Market reaction
EUR/USD is uninspired by the above comments, keeping its range near 1.1900, down 0.16% on the day. The US dollar reverses a part of Monday’s post-FOMC correction.
-
EUR/GBP refreshes session tops near 0.8575-80 region, lacks follow-through
