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Too early to decide on QE expansion – ECB’s Coeure

FXStreet (Mumbai) - In an interview with CNBC, reported via Reuters, the European Central Bank’s (ECB) executive board member Benoit Coeure said that any decision on expansion of the central bank’s asset-purchase program (QE) would be considered premature.

Key Quotes:

"If anything were needed, we would need to be ready,"

"But it is too early to pass that kind of judgment."

"What we see is a steady recovery momentum in the euro area,"

"Certainly, in our judgment, in our analysis, the risks come from the outside."

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Collapse of dollar longs - SocGen

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