ECB’s Kazimir: Loose monetary policy is working, helping recovery

The European Central Bank (ECB) Governing Council member Peter Kazimir said on Tuesday that loose monetary policy is working and helping recovery.

ECB doesn’t see a reason to change loose monetary policy setting at moment, he added.

Market reaction

EUR/USD is uninspired by the above comments, keeping its range near 1.1900, down 0.16% on the day. The US dollar reverses a part of Monday’s post-FOMC correction.

• EUR/GBP refreshes session tops near 0.8575-80 region, lacks follow-through