The ECB officials will likely look to talk of easing and more to come as a way to keep the EUR from moving higher. ┬áToday,ECB Liikanen, Makuch and Coeure all have spoken to this theme. ┬áThe EUR is the weakest of the major currencies today – falling against all it’s counter parties (see chart below).

For an article on the idea, see WSJ article at: http://online.wsj.com/articles/ecb-determined-to-contain-low-inflation-risk-1402387034?KEYWORDS=ECB

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