ECB's Governing Council member Weidmann: Euro strength reflects US policy and joint EU response

Market news

7 October 2020

ECB's Governing Council member Weidmann: Euro strength reflects US policy and joint EU response

Says he wouldn't overinterpret euro's appreciation
Rise in infections still in line with ECB's baseline
Rate cuts are possible, reversal rate has not yet been reached
Sees no immediate need for more fiscal stimulus

European stocks closed: FTSE 100 5,946.25 -3.69 -0.06% DAX 12,928.57 +22.55 +0.17% CAC 40 4,882.00 -13.46 -0.27%

EIA’s report reveals slightly-bigger-than-expected build in U.S. crude oil inventories

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