ECB's Mersch just finishing his speech in Singapore 25 July
- underlying EZ inflation to rise gradually
- headline inflation dampened by weak energy prices
- EZ growth risks may be upward
Eamonn has now also updated his original post here
EURUSD continues to nudge higher and post 1.1664 higher despite Mersch's cautious tones.
Expect offers res into 1.12680-85 and more into 1.1700