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BUZZ- ECB's Coeure weighing on EUR

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  • BUZZ- ECB's Coeure weighing on EUR

    *EUR/USD pegged to the lows as ECB's Coeure pours a bit of gas on the fire.
    *Coeure says ECB will buy bonds on the secondary mkt if it need to for monetary.
    *policy and will not do so otherwise; ECB lending to ESM to buy Govt bonds in.
    *unlimited manner wouldn't comply with EU treaty.
    *Mkt sees no bounce for EUR/USD; Through 1.2260 targets July '10 low (1.2190).

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