ECB's Knot: ECB has tools to counter euro appreciation if needed

Comments by ECB policymaker, Klaas Knot
– ECB is monitoring strengthening in the euro
– Euro strength would take prominence for ECB if it threatens inflation outlook
This is knocking the euro a little lower on the day, with EUR/USD falling to 1.2120 currently – creeping below its 200-hour moving average. There is also a slight dollar bid