Bundesbank president Weber says there is no reason for monetary policy makers to act at the moment.
Sounds like rates are appropriate, the usual ECB formulation.
EUR/USD has taken on an easier tone, dipping to 1.4760. Bids are rumored in the 1.4750-60 region while stops are eyed below 1.4750. Bids return at 1.4720/25, traders report.
Commodities are seeing some profit-taking today in addition to EUR/USD. Gold is back below $1010 and oil is off a bit over a dollar at $70.60.
