ECB board member Nowotny still speaking in Berlin 11 May 2016
- ECB doesn't have means to influence FX rates
- ECB is aware that mon pol measures do influence FX
Phew. Glad he's got that understanding right at least.
Meanwhile EURUSD is pushing back up through 1.1400 as the falling equity markets add to euro demand. EURJPY 123.93 EURGBP 0.7901
