Some late day comments from ECB's Coeure at IMF
- ECB, Fed policy changes might have caused some investors to expect a gradual rebalancing of portfolios away from US dollar denominated assets and towards euro denominated assets. This would support the euro
- No evidence of a link between capital flows, FX moves
- Portfolio rebalancing is major policy transmission challenge
You can read the full comments from the ECB's page by clicking here.
