ECB’s Nowotny says euro has become something of a safe-haven

ECB governing council member and Austrian CB head on the wires 20 Oct

  • some thing of a save haven like the swiss franc
  • we are watching the effect of euro on inflation
  • govts should use low rates to issue long-term debt
  • banks should use good time to reduce NPLs
  • CBs see Bitcoin as potentially problematic

EURUSD still hanging around 1.1800 while EURGBP finds the demand at 0.8980 I highlighted
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