According to the minutes, a large number of council members were in favor of buying government debt. The minutes showed that one member urged to consider buying corporate bonds if more QE was needed, which indicates that if needed we could be seeing further monetary steps from ECB in months to come, with emphasis on inflation movement.
However, what is pushing euro down at the moment is rumour that Germany rejected Greek extension, according to the the government official. This news has not been confirmed officially and therefore cannot be taken for granted, but concerns surrounding Greek bailout extension are putting euro under pressure, currently being traded around 1.1370 level. Pair is likely to find support around 1.1330 level and resistance above 1.14 handle.
