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Bundesbank’s Dombret: Expansionary monetary policy is justified

German Bundesbank board member Andreas Dombret, while speaking at an event in Berlin, defended accommodative monetary policy stance adopted by most global central bankers.

Key Quotes:

Expansionary monetary policy is justified by subdued outlook for inflation and growth

GBP/USD drops further on UK data, 1.4400 eyed

The GBP/USD pair ran through fresh offers following the release of below estimates UK industrial production data, which weighed heavily on the British pound.
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AUD/USD drops to session lows, stuck around 0.7330 confluence region

The AUD/USD pair reversed from its early Asian session spike to 0.7390 and has now dropped to a fresh session low of 0.7335.
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