ECB Pablos Hernadez de Cos and Klaus Knot both speaking in Helsinki
- Obviously that we are in a difficult situation
- inflation far from target
- 1.6% inflation forecast for 2021 far from goal
Meanwhile ECB's Knot is also on the wires saying:
- we are still suffering from prolonged uncertainty
- we are not in recessionary territory
- expectations for Q2, Q3 less favorable than for Q1
- indisputable that inflation remains too low
- if there is a adverse scenarios, ECB determined to act
The EURUSD is trading at 1.13461 currently and holding onto support at 1.1341-47 area.
