Buba President Weber remains ever-hawkish, saying that strong vigilance is required on price risks. A robust economy points to upward price risks and money and credit growth clearly signal risks. Capacity utilization will rise further, he says. No signs of a pause can be gleaned from these comments, to be sure.
EUR/USD is showing little reaction, holding in the low 1.3570s. Three-separate central banks have been spotted buying EUR/USD in the 1.3570 region but bounces are minimal thus far. Stops reside around 1.3560 is support gives way. Support returns at 1.3525/30.
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