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ECB could extend QE if inflation misses the target – Bank of Spain’s Restoy

FXStreet (Mumbai) - The Bank of Spain's Deputy Governor Fernando Restoy was crossing the wires last minutes via Reuters, noting that the European Central Bank (ECB) could consider extending its QE program in case the inflation stands incompatible with the central bank’s target.

Earlier on the day, ECB Nowotny cited his discontent over the bank missing the inflation goal, further adding that ‘additional set of instruments are necessary.’

US CPI preview: What to expect in EUR/USD?

The EUR/USD pair fell to a low of 1.1425 in Europe on the back of gains in the European stocks, marking a failure to sustain above 1.1475 (161.8% expansion of the March low-March high-April low) ahead of the US CPI figure release.
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AUD/USD could re-visit 0.7385 – Commerzbank

In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could rebound towards the 0.7385 level vs. the greenback...
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