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Budesbank rejects OMT at German constitutional court

FXstreet.com (San Francisco) - In a secret document sent to the German constitutional court, ECB Weidmann has rejected the purchases of government bonds via OMT, according to news published by the German Newspaper Handelsblatt.

Jens Weidmann believes that it is an intrusion into de independence of the ECB.

In a piece of news, Jaime Coleman from FXbriefs stated that it is "not a good thing to have “the first among equals” against the most important policy move of the central bank to which it has ceded sovereignty."

The EUR/USD declined to trade below the 1.3000 as first reaction.

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