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De Guindos says that it is important to withdraw stimuli gradually

The Vice President of the European Central Bank (ECB), Luis de Guindos, said today that it is important to gradually withdraw the stimuli.

Additional comments:

  • There is light at the end of the tunnel.
  • Monetary policy should be gradually normalized, with caution.

The comments have done little to sway the common currency or provide a significant boost to the EUR / USD pair, as the market focuses on the FOMC’s monetary policy decision later this Wednesday.

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