ECB sees no reason to weaken EUR/USD - sources (via Reuters)

[thenews]

Reuters reporting on three "European Central Bank sources" ...

• They say the ECB is unhappy with the U.S. dollar's recent fall
• But accepts it as a natural consequence of the Federal Reserve's cautious economic outlook
• Sees no reason to act to weaken the euro

---

Reuters link for more here (worth a quick read for euro traders)

[eurofreek]

It means that ECB is talking Euro up now. Now it becomes clear what is the direction they must follow