Coeure instigated this sell-off - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank back tracked to the speech given on 18/05/2015 (and released the following day) by ECB Executive Board member Benoit Coeure.

Key Quotes:

"The speech given on 18/05/2015has resulted in the market temporarily re-appraising the supply-side element of the ECB’s QE programme."

"This follows the marked sell off that was seen in Eurozone sovereign debt at the end of April and the first two weeks of May."