EURUSD rate better reflects economic fundamentals than previously – ECB’s Praet

FXStreet (Mumbai) - The European Central Bank’s (ECB) Peter Praet, in an interview with Les Echos, said the current rate of the EUR/USD better reflects the economic situation in the Eurozone than it did previously.

Mr. Praet said the divergence between US and Eurozone economies is now better reflected than before in EURUSD rate, while stating that the ECB could take further interventions again in markets if needed. On QE, he said the program has come at the right time and that the inflation will take time to react to QE measures. The policymaker also said consumer spending is showing signs of improvement thanks to structural reforms.