ECB's de Guindos: US dollar to stabilize in coming months

European Central Bank (ECB) Vice President Luis de Guindos said on Monday he saw the US dollar stabilizing in the coming months.

Further comments

“The ECB doesn't target forex rate, but considers it.”

“I expect the forex rate to stabilize in the coming months.”

Market reaction

EUR/USD is keeping its range around 0.9750 on the above comments, adding 0.32% on the day.