Speaks positively about the economy
ECB Lange in an interview in Handelsblatt is saying:
- The EU is experiencing a temporary weakness in the economy, but there is no recession and the risk of deflation a small
- Adds that the stimulus package wasn't that big
- ECB won't reached QE limits for a longer period of time
The EURUSD is trading at 1.0935 after a peek to new high (and above the Monday low), was quickly rejected (see earlier post). The comments from Lane are not helping the more bearish tone.
The price for the pair has moved back below an old trend line and looks toward the swing lows in September from 1.09219 to 1.09263. A break below willl be yet another new low going back to May 2017
