Due care

8 June 2015 By Swaha Pattanaik Follow @swahapattanaik

Mario Draghi is calm about the volatility in government bonds. The European Central Bank president doesn’t share the American fixation with equities. Commodities are out of his control. But an overly strong euro could nip budding inflation. He’ll be watching FX trends closely.

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A trade-weighted measure of the euro’s value rose to 93.3906 on June 5 from 89.5358 on April 15.

The European Central Bank sees no reason to adjust its monetary policy stance in response to a recent rise in bond yields in Europe, European Central Bank President Mario Draghi said on June 3.

“We should get used to periods of higher volatility. At very low levels of interest rates asset prices tend to show higher volatility,” Draghi told a news conference after the ECB’s regular policy meeting.

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