Dealers note a story making the rounds that an ECB source says that there is not a consensus on what the ECB should do past a near-certain rate hike in March. Recent events would very much put future hikes in jeopardy if this week's market decline turns into a deeper correction.
Just a feeling that says the ECB may even be forced to hold fire on Thursday if the markets are under heavy stress next week, not wanting to be blamed for a crash like the Buba was back in 1987. EUR/USD trades at 1.3172 after a peek into the 1.3180s. Central bank bids are rumored in the 1.3145/50 area.
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