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ECB's Lautenschlaeger: It is much too early for a huge stimulus package, EUR uninspired

  • It is much too early for a huge stimulus package
  • Still convinced that QE is a measure of last resort
  • It is only to be used if there is a risk of deflation
  • Rate cuts is something to certainly think about before considering non-standard stimulus measures such as QE

FX option expiries for Aug 30 NY cut

FX option expiries for Aug 30 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0950 688m 1.0997 682m 1.1000 1.1bn
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EUR/USD stays weak near 1.1040 ahead of EMU CPI

The downside pressure around the single currency remains everything but abated today, with EUR/USD drifting lower to the vicinity of 1.1040. EUR/USD f
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