ECB Coeure: ECB is not blind to possible side-effects of monetary policy

FXStreet (Córdoba) - The ECB is not blind to possible side-effects of monetary policy, said European Central Bank Benoit Coeure speaking in Paris.

He also said the ECB is closely following the consequences of our exceptional monetary policy on financial stability and they don’t see any overvaluation of asset prices.

USD/CHF remains capped by 1.0090

USD/CHF continues to trade near 8-month highs scored last Friday, having spent most of the day within a slim range unable to pick up fresh momentum. In the absence of first-tier data, trading remain driven by risk sentiment while attention shifts to FOMC meeting minutes to be released on Wednesday.
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AUD/USD: drifting below key support, targets 0.7016/60

AUD/USD is tailing off below the 200 SMA and has been pressured below the 0.71 handle as markets await the outcome of the RBA minutes and head officials that are speaking this week.
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