ECB’s Villeroy: We are vigilant about the exchange rate

EUR500 bln of PEPP stimulus programme is indicative, we can do more.

We are vigilant about the exchange rate.

On exchange rate all our instruments are available.

 

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Bundesbank: German economy to shrink by 5.5% in 2020 vs. -7.1% seen in June

Sees German economy shrinking by 5.5% on calendar adjusted basis this year vs 7.1% drop seen in June. Expects German economy to grow by 3.0% in 2021
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EUR/USD needs to clear some clouds to continue the rise toward 1.22

Euro/dollar's consolidation may be coming to an end as worries about the virus, US stimulus and Brexit are holding the EUR/USD pair back. After two in
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