Euro drops against dollar and Yen again today, after ECB official reinforces the message that they’re ready to act to counter the impact of rising treasury yields.
Vice-President Luis de Guindos told Portuguese newspaper Público, “We will have to see whether this increase in nominal yields will have a negative impact on financing conditions.”
“If we reach the conclusion that it will, then we are totally open to recalibrating our programme, including the envelope of our Pandemic Emergency Purchase Programme if necessary,” he added. “We have room for manoeuvre, and we have ammunition.”
