The European Central Bank (ECB) Governing Council member, Francois Villeroy de Galhau, is on the wires now, via Reuters, speaking at the World Economic Forum (WEF) in Davos.
Key Quotes:
There is some economic stabilisation in the Eurozone.
Inflation goal must be symmetric, flexible, and credible.
The EUR/USD pair ignores the above comments, as it continues to meander near daily lows of 1.1042 despite upbeat German and Eurozone Manufacturing PMI data.