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ECB’s Mersch: ECB will prudently adjust tool box when warranted

Yves Mersch, Member of the Executive Board of the European Central Bank (ECB) crossed the wires last minutes, making a scheduled speech on ‘Risk Management In Times of Non-Conventional Monetary Policy’.

Main Headlines:

ECB will prudently adjust tool box when warranted

"Overriding" priority is price stability

Have not suffered any impairment since we started the expanded asset purchase programmes

Can start thinking about a financial risk management framework that has returned to more conventional policy

Can be argued that temporary collateral framework should not become part of the regular framework

USD/JPY challenges 112.00 handle, session lows

The USD/JPY pair failed to break through an important supply zone near mid-112.00s and has now dropped to fresh session lows.  The market seems to ha
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WTI awaits range break-out, $ 51 on sight?

Oil futures on NYMEX extends its upside consolidative mode near four-month tops into a third day on Monday, as the bulls await fresh catalysts for the
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