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ECB’s Weidmann: ECB not at point where it can end expansionary policy

In an interview with the German Press, the European Central Bank (ECB) governing council member and Bundesbank President Jens Weidmann commented on the ECB’s monetary policy program.

Key Headlines:

ECB not at point where it can end expansionary policy

The euro economy grows, interest rates will rise again

ECB can’t raise productivity

Need more economic and fiscal policies to help growth 

 German inflation concerns are topical

USD/CAD - Two-day rally stalls at 38.2% Fib

The bullish move in the USD/CAD pair failed to chew through 1.3209 (38.2% of 1.3598-1.2968) despite the losses in the oil prices.  The spot clocked a
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Nikkei 225 turns positive, China keeps losses

The stocks on the Asian bourses trade mixed, with the Australian and Japanese turning into positive territory, while the Chinese equities remain weake
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