ECB's Centeno: No goal regarding specific yield spreads in anti-fragmentation tool

European Central Bank (ECB) Governing Council member Mario Centeno said on Friday that the ECB's new instrument will show their determination to battle against fragmentation, as reported by Reuters.

Centeno further explained that they don't have a goal regarding specific yield spread values in the anti-fragmentation tool.

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was trading at 1.0544, where it was up 0.2% on a daily basis.