More from ECB’s Lagarde: Joint fiscal capacity is an appropriate response to shocks

• Joint fiscal capacity is an appropriate response to shocks.
• Market infrastructure in Europe is functioning in an orderly fashion.
• We are monitoring carefully all market developments.
• We don’t target any exchange rate.
• If I was aware of Fed intervention in support of Treasuries I would not tell you.

This article was written by Giuseppe Dellamotta at www.forexlive.com.