News Headline Summary

ECB's Draghi says Spain is on the right track

- Euro gains signs of return of confidence.
- Exchange rates should reflect fundamentals.
- Euro rate is around long term average.
- Aware exchange rates important for growth and inflation.
- Monetary policy remains accommodative.
- Comments on Euro are inappropriate and fruitless.
- ECB's mandate is not the exchange rate.

12 Feb 2013 - 14:57 - Fixed Income Bank Speaker - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: