ECB board member Coeure speaking to Radio Classique 23 Jan

On President Trump: Protectionism is a bad idea

  • declines to say if interest rates are going up in 2017 but says too early to change ultra loose mon pol
  • reforms must continue in France to boost growth
  • French deficit about to drop below 3% in 2017

Nothing of price-changing note in his comments. EURUSD still underpinned around 1.0750 on the general USD supply after 1.0755 highs.

EURJPY selling helping to temper rallies. EURGBP on a sideways crawl.