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While speaking at a conference in Frankfurt on Thursday,  Dutch Central Bank chief and European Central Bank Governing Council Klaas Knot argued that  financial conditions are not currently an impediment to growth or to a rise in inflation in the eurozone.

“Policymakers should act with more caution in using unconventional tools subject to more uncertainty, act more forcefully with conventional instruments,” Knot added.  

The EUR/USD pair edged higher in the last minutes and turned flat on the day at 1.1005.