- Confident ECB can buy volumes of bonds intended
- Greeks exit wouldn't solve longer-term problems
- He wants the euro area to stay how it is
- Current euro area fiscal stance more or less neutral
- Germany current account surplus is rational in an aging society.
- Says is wrong to say current account should be balanced
The EURUSD remains near the top with the pair back at the 50% retracement level and the 1.14000 round number. The dip after holding the Jan 27 high (see chart below), stayed above the 1.1370-72 area. The buyers remain more in control with a break of 1.1422 and 1.1432 the next upside targets. The 1.1459 low from January 16th is another upside target.
