The ECB governing council board member Philip Lane is out on the wires, saying that there is no concern about current Euro level and that the ECB must judge implications of any Euro volatility.
• ECB must keep its guard up against the risk of a sudden appreciation in the Euro
• If it moves a lot within a short time interval, then you have to think about the implications
The comments did provide a minor boost to the shared currency, with the EUR/USD pair spiking to 1.2351 level before quickly retreating back to 1.2335 area as investor preferred to wait for the release of key US consumer inflation figures.
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