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Single Currency Firms Slightly on Reports that ECB to Buy €60-70bln in PEPP Per Month

EUR
  • EUR extending the (very) modest recovery alongside these Reuters sources headlines, with Bund futures rolling off the session high of 172.34.
  • Reuters citing PEPP target of €60-70bln (with flexibility) which is broadly inline with expectations, but possibly letting down those looking for a larger number.
  • Piece goes on to write: "The sources said the ECB's Governing Council agreed on a specific target for its Pandemic Emergency Purchase Programme within that range but was keen to give itself flexibility to buy more or less based on market conditions."
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