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European Central Bank (ECB) governing council member Ewald Nowotny was out on the wires in the last hour, via Reuters, saying that risk for financial stability in Europe are more political than economical and see Euro depreciating against the US Dollar.

The EUR/USD pair witnessed a sudden dip on the headlines and printed a fresh session low level of 1.1537, albeit managed to bounce back above mid-1.1500s.