EUR: interest rates to remain low for a long time

The quiet currency over the last couple of days, ECB’s Couere reiterated this morning that interest rates are to remain low as long as necessary. Given the move in US rates futures that might be even longer than we thought. Whether this becomes a problem further down the road if the economy slows down badly we , and they, will have to wait and see. More PMI’s from across the zone this morning are expected to continue to show growth slowing.