ECB’s de Guindos: EUR/USD exchange rate at 1.15 is no big obstacle on inflation target

European Central Bank Vice President Luis de Guindos said on Monday that the exchange rate of EUR/USD at 1.15 is no big obstacle on the inflation target. 

Key quotes

The appreciation of the euro is not rapid, volatility not extreme.
The risk of undershooting inflation target is very limited.
The risks to inflation are balanced.
Markets understood perfectly well the post-decision message.
ECB is very close to the target now.
In the medium-term, tariffs will reduce both growth and inflation.
Fully convinced Fed swap lines will be maintained.
Bringing back gold reserves from New York was not even discussed.

Market reaction 

At the time of writing, the EUR/USD pair is trading 0.09% lower on the day at 1.1537.