European Central Bank policymaker and Finnish central bank chief Olli Rehn crossed the wires in the last minutes saying that the latest data from the euro area point to a muted inflation outlook for a long time, as reported by Reuters.
“I do have concerns about the impact of the global slowdown on the eurozone,” Rehn added.
The EUR/USD pair largely ignored these comments and was last seen trading at 1.1063, where it was up 0.3% on a daily basis.