EUR/USD 1.25 the line in the sand for the European Central Bank (but there’s a but …)

BNY Mellon with the remarks on ECB euro sensitivity:

  • “If we really surge towards 1.25 by the March meeting, the ECB will absolutely push back. For now it’s just about manageable”
From an interview a BNY analysts on Bloomberg TV, stressing that the pace of the gain is more important than the level (hence the ‘surge’ comment).
  • says the ECB will act if there is an undue tightening in financial conditions. For now its manageable
No stress right now for the ECb though, especially after the USD gains on Thursday (US time)
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