ECB’s Mersch: Not seeing a further deterioration on the front of prices and production

Dhwani Mehta FXStreet

“Looking at new incoming information I think nothing is pointing to a further deterioration at least not on the front of prices and production,” said the European Central Bank (ECB) Executive Board member Yves Mersch in a Bloomberg interview early Wednesday.

“I must say that since the last time we took action, the least one could say is that things in the economy have not gone for the worse,” Mersch added.

Market reaction

EUR/USD keeps its range near multi-week lows of 1.1675, as the euro remains uninspired by the above comments.

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.

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