ECB’s Coeure: ECB has not discussed changing policy - RTRS
ECB board member Benoit Coeure crossed the wires last minutes, via Reuters, explaining the reason behind the declining use of the Euro as an international currency.
Key Points:
"The very simple message is that the euro has continued to lose ground as an international currency."
"But the euro is unchallenged as the second most important currency in the international monetary system."
"We believe that he renminbi has a role in a diversified portfolio."
"We want our reserves to be liquid and readily available. If that step is successful, we’ll do more, at a later stage."
On monetary policy:
Has not discussed changing policy; discussion may come but 'hasn't happened yet'
Steepening at long end of curve reflects views that growth will be solid
Market volatility over past week not significant
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
